Regulatory Alerts2011-10-17
Added · Updated
Banking Circular No 12 of 2011 - Amendments to Foreign Exchange Exposure Limits
The Central Bank of Kenya has issued an update to its foreign exchange exposure guidelines for commercial banks, non-bank financial institutions, and mortgage finance companies. The amendments include reducing the overall foreign exchange risk exposure limit from 20% to 10%, as well as lowering the limit on single currency exposure from 20% to 10%. Institutions must comply with these new requirements according to F.P. K. Pere, Director of Bank Supervision at the Central Bank of Kenya.
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