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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.

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