Njuguna Ndung’u: Regulation and supervision of the forex bureau industry in Kenya Talking notes of Prof Njuguna Ndung’u, Governor of the Central Bank of Kenya, for the meeting with the Kenya Forex Bureaus Association (KFBA), Nairobi, 22 August 2007. *  *  *  The chairman, KFBA; Distinguished Guests; Ladies and Gentlemen; 1.
Banks have also been conservative in their lending policies, imposing tough lending standards and terms; this caution reflects bankers’ concerns about the economic outlook and uncertainty about their own future losses and capital positions. The Federal Reserve has been working to ensure that our bank supervision does not inadvertently impede sound lending and thus slow the recovery.