Keeping faith in CBK's supervisory obligation

According to this article published Tuesday 7 November by the Kenya Times, a logical move by the Central Bank of Kenya to shut down the country's twenty or so banks affected by bad debts would have had dire implications for the economy.

"There is no doubt that the CBK was motivated by the desire to address the challenges facing the industry and forestall a situation where banks and other financial institutions faced the prospect of tumbling over, one after another like dominoes," the article says

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