2012-11-05

Banking Circular No 9 of 2012 - Issuance of Revised Prudential Guidelines and Risk Management Guidelines

The Central Bank of Kenya has revised its Prudential Guidelines and Risk Management Guidelines, which will be effective from January 1, 2013. This update is in response to developments within the national, regional, and global arenas. The revisions aim to strengthen the financial system and align the guidelines with current market practices. These new guidelines replace previous versions issued in 2005 and will be enforced under Section 33(4) of the Banking Act. Institutions that fail to adhere to these guidelines may face remedial actions as specified within the legislation and accompanying regulations.

Kenya

Central Bank of Kenya

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