2016-11-17

Banking Circular No 6 of 2016 - Increase of Charges and Conversion of Savings Products to Transactional Products

The Central Bank of Kenya (CBK) has issued a finalized Guidance Note on Internal Capital Adequacy Assessment Process (ICAAP) for commercial banks and mortgage finance companies in compliance with Section 33(4) of the Banking Act. This note applies to institutions' ICAAP documents and regulatory submissions, requiring them to submit their 2016 ICAAP Documents by 30th April 2017. The ICAAP process enables banks to determine adequate capital levels for managing risks and is based on the Banking Act and Prudential Guideline on Capital Adequacy.

Kenya

Central Bank of Kenya

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