2021-12-09 | 1583576875

CBK Guidance on Libor Transition

The Central Bank of Kenya issues guidance to financial institutions on transitioning from LIBOR to alternative reference rates. This guidance includes recommendations for governance structure, risk management, and timelines for the transition. The Bank emphasizes the importance of adequate preparation to mitigate potential financial stability risks and disruptions to markets and payments.

Kenya

Central Bank of Kenya

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