Regulatory Alerts2020-03-25 | 1336847581Added · Updated
Banking Circular No. 2 of 2020 - Activation of Precautionary Measures to Ensure Business Continuity and Mitigate Pandemic Risk
In response to the COVID-19 pandemic, the Central Bank of Kenya advises financial institutions to activate precautionary measures to ensure business continuity. These include implementing alternate teams, creating redundant teams for critical functions, and ensuring recovery sites are prepared with backup power. Institutions should also update their Business Continuity Plans and report any incidents related to the pandemic to the CBK.
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