2022-11-10 | 478989325

Banking Circular No. 2 of 2022 - Compliance with the Banking (CRB) Regulations, 2020

The letter, from the Central Bank of Kenya, reminds Kenyan financial institutions of the importance of the Credit Information Sharing Mechanism (CIS) and the need to comply with the Banking (Credit Reference Bureau) Regulations, 2020. It highlights the benefits of the CIS mechanism in managing credit risk and enhancing access to credit for Kenyans. Institutions are urged to address issues such as data submission errors, incomplete information, and late reporting to ensure data integrity and effective credit risk management.

Kenya

Central Bank of Kenya

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