×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

IMF lauds Central Bank of Kenya’s role in cross-border oversight

The International Monetary Fund (IMF) has praised the Central Bank of Kenya (CBK) for taking the initiative to implement the standards for consolidated supervision of the pan-African banks which have expanded within the continent.

IMF said the CBK has successfully put in place a legal framework for consolidated supervision and issued a prudential guideline on consolidated supervision, which became effective from January 2013.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in