This insight, in turn, led to the passage of Federal Deposit Insurance Corporation (FDIC) Improvement Act (FDICIA), 1991, and thus was born the Prompt Corrective Action (PCA) framework of the FDIC as modern banking has witnessed. [Another twin born then was risk-based deposit insurance premium!]
Over the next one-and-a-half years, CBK will walk with banks to build capacity and integrate climate-related risk management in their day-to-day operations. In turn, this will attract global funds that are looking for opportunities to finance initiatives that build climate resilience, and thus positioning Kenya as a premier green finance hub.