With the advancements in information technology, centralisation of some operational processes is being embraced globally based on the resultant cost savings as along as adequate risk mitigating measures are assured. In this regard, I urge regulators in the Eastern Africa region to always embrace a developmental mindset as they consider proposals by market players.
•  Problems of exogenous shock particularly those arising from bad weather and volatility in oil prices complicates for price stability. •  Financial sector stability in a global setting. This workshop is timely and provides an opportunity for the CBK to re-evaluate its role in the Kenyan economic transformation in the context of the Vision 2030.