By playing close attention to developments in both local and overseas financial markets we can innovate ways that will place our markets at the forefront of the emerging markets. Over the past decade, Kenya has witnessed tremendous growth and diversification of the financial system especially in the fixed income securities market. This began in 2001 when the Central Bank re-launched the Treasury Bonds programme.
Thus, it is widely regarded that the LTROs prevented a bank funding crisis and thus deleveraging on a massive scale. Recent Developments in Financial Markets Since uncertainty over European political and economic developments has intensified over recent months, some interest rates have risen accordingly.