(5)  Major progress was made on the building of financial legal system, regulatory mechanism and infrastructures.
In light of these concerns, regulators, particularly of the financial sector around the world have embarked on regulatory reform programs to minimize the envisaged spill-over effects of these crises on financial and real sector of the economy. Policy measures being undertaken by the Central Bank of Kenya and the other financial sector regulators are intended to build confidence in investors and the general public.