At the same time, if a hard Brexit generates sharp movements in asset prices and in the Sterlingeuro exchange rate or is associated with a significant macroeconomic downturn in the UK, the balance sheets of financial firms with exposures to the UK will be affected.
All these thematic areas, which AFI champions are relevant to our country and are key to our financial sector if it has to become “a vibrant and globally competitive financial sector” as stipulated in Vision 2030. A strong and accessible financial sector is a key ingredient in Kenya’s vision of becoming a middle income country by the year 2030.