Day: August 16, 2019

Deposit Insurance in Kenya and the Need for Reforms- Adier Stephen

Of utmost concern in the recent collapse of several
financial institutions is the impact that the said collapse has had on
customers, depositors, creditors among others. These events in the banking
industry have indeed been a reason enough to pause and re-think the current
financial regulatory. The legal framework governing deposit insurance is one such regulatory approach. Deposit insurance is intended to play the central role of encouraging savings and promoting the stability of the financial system of the country.