As you are all aware, the financial landscape has changed considerably in Kenya and the countries in the region. For the region to attract foreign investors and deepen its markets, there is need to enhance our financial markets systems and processes to meet international standards.
The governance structure of central counterparties should in principle be market driven. The governance structure may have a significant influence on, for example, risk management and other strategic decisions of central counterparties, as pointed out by Thorsten Koeppl and Cyril Monnet.