Not only has the participation in the economic and monetary integration process offered domestic financial intermediaries more possibilities of protecting themselves against country-specific shocks, but it has also reduced the probability of large shocks which could endanger financial stability. The degree of asymmetry of country-specific shocks, for instance, has decreased simply due to the ever-closer economic relations between EU member states.
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.