From this perspective, it made sense to create yet another regulatory body – the Financial Stability Oversight Council – which is dedicated to the goal of coordination. The FSOC calls for agency head and senior-level staff participation of relevant financial regulatory bodies, requires regular meetings and reports on emerging risks to financial stability, and designates systemically important financial institutions.
*  *  *  The Right Honourable Prime Minister of the Republic of Kenya, Mr. Raila Odinga; The Deputy Prime Minister and Minister for Finance of the Republic of Kenya, Mr. Uhuru Kenyatta; Permanent Secretaries here present; Dr. Alfred Hannig, Executive Director, Alliance for Financial Inclusion; Distinguished Guests; Ladies and Gentlemen: Right Honourable Prime Minister, let me thank you most sincerely for gracing this important Forum.