The implementation of the financial reform agenda is advancing and the European banking sector is in safer waters. Looking forward Knot recognizes three elements of focus: completing implementation & evaluating reforms; improving the business model sustainability and market confidence in European banks; and being alert to the buildup of leverage outside the banking sector.
That is why I am proud to be associated with AKCP’s tag line: “Towards a more open credit market” because with more transparent credit markets, investors are able to easily access affordable funding. As a result of implementation of several innovative initiatives and reforms in Kenya’s financial sector including introduction of the CIS mechanism, the sector has recorded improved efficiency.