2012-11-05

Banking Circular No 9 of 2012 - Issuance of Revised Prudential Guidelines and Risk Management Guidelines

The Central Bank of Kenya has issued revised Prudential Guidelines and Risk Management Guidelines, effective from January 1st, 2013. These guidelines will replace the current ones implemented in 2005. All commercial banks, mortgage finance companies, non-bank financial institutions, and foreign institutions' representative offices in Kenya must adhere to these new guidelines. Failure to comply with any of these guidelines may result in remedial actions as specified under the Banking Act and its accompanying regulations. The guidelines are issued under section 33(4) of the Banking Act, and all institutions are advised to access them on the Central Bank of Kenya's website.

Kenya

Central Bank of Kenya

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