They are among the myriad balance-sheet valuation adjustments that endeavor to address the ongoing impact of market valuation changes on all assets and liabilities. BIS Review 29/2002  3  Critics of expensing also argue that the availability of options enables corporations to attract moreproductive employees. I am sure that is true. But option expensing in no way precludes the issuance of options.
Ongoing reforms and initiatives by the Government and CBK will serve to further propel the banking sector to new frontiers of financial inclusion for more Kenyans to access these services. Ladies and gentlemen: Kenya’s financial industry is currently one of the fastest growing not only in the East African region but in the continent.