Regulatory Alerts2025-04-01
Added · Updated
Kenya Deposit Insurance Act
This Act establishes the Kenya Deposit Insurance Corporation and the Deposit Insurance Fund to provide a deposit insurance scheme and manage the receivership and liquidation of troubled deposit-taking institutions. The legislation empowers the Corporation to levy contributions from member institutions, perform special examinations, and act as a receiver or liquidator to resolve systemic risks or failures while protecting depositors' interests. It sets forth specific protocols for asset management, claim processing, and priority of payments during liquidation proceedings to ensure the stability of the financial system.
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