2016-11-17

Banking Circular No 7 of 2016

The Central Bank of Kenya has issued a finalized Guidance Note on Internal Capital Adequacy Assessment Process (ICAAP) for commercial banks and mortgage finance companies to follow when developing or revising their ICAAP documents. This follows the exposure period where comments were considered from banks and members of the public, with the purpose of guiding these institutions in maintaining a stable and efficient banking and financial system. The guidelines are issued pursuant to Section 33(4) of the Banking Act, and commercial banks and mortgage finance companies must submit their 2016 ICAAP Documents by 30th April 2017.

Kenya

Central Bank of Kenya

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