They must make structural changes to their way of doing business so as to make sure that they actually reach that goal and avoid the build-up of risks for them and the entire financial system. Let me first share some of the insights gained from our benchmark of the banks’ selfassessment against our supervisory expectations.
Today’s launch therefore marks another milestone in revolutionising the payments ecosystem in Kenya and in particular in the Securities Exchange market. The system successfully went live on 15th January with the settlement of transactions concluded at the Nairobi Securities Exchange (NSE) being executed through the Central Bank’s KEPSS system.