I will then close with some thoughts on the preparations banks on both sides of the Channel are making for Brexit and the prospects for future regulatory regimes in the EU and the UK. 2.1 Future market access The debate on market access for UK-based financial institutions was transformed mid-January. After Prime Minister May’s most recent speech, a “hard” Brexit is to be expected.
In an effort to bring down the cost of offering financial services to the Kenyan public, Central Bank together with other stakeholders have put in place a business model aimed at broadening financial inclusion to the majority of Kenyans at a lower cost – The Agent Banking Model.