In a risk dominated environment, supervisors are expected to systematically challenge undertakings on their risk profile/appetite and on their ability to pursue it; for instance, supervisors should periodically discuss with the board of each company its risk profile and long-term strategies. IVASS has already taken some steps in this direction.
The aim was to determine the outcome of financial inclusion in terms of the resilience of the Kenyan population and its potential for growth. The results of the Survey indicate that the financial health of respondents deteriorated to 17.1 percent in 2021, compared to 21.7 percent in 2019.