May I also extend a hand of welcome to my fellow Governors from the Eastern Africa subregion present here today. I heartily thank you for finding time to be in Nairobi. This is indeed a very great honour to the Central Bank of Kenya and our country.
That was Phase 1 of the review. Phase 2 is looking at the Reserve Bank’s financial stability function. The process started last year and will run through until the middle of next year, when legislation is due to be introduced to the House. It will continue beyond that, as there will be more detail to work out and implementation to be planned.