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CBK Guidance Note on Cybersecurity

The leveraging on technology by banks exposes them to increased cyber risks. In this regard, the Central Bank of Kenya (CBK) has issued a Guidance Note on Cybersecurity that outlines the minimum requirements for banks to enhance their cyber security. Read...

MPC retains CBR at 10 percent

The Monetary Policy Committee retained the Central Bank Rate (CBR) at 10.0 percent at its July 17, 2017 meeting. The meeting was held against a backdrop of declining food prices, sustained macroeconomic stability, and continued resilience of the economy. Read...

Draft Banking (Penalties) Regulations 2017

Section 55 of the Banking Act requires the Central Bank of Kenya (CBK) to prescribe penalties for violation of the Banking Act, Regulations thereunder, the Prudential Guidelines or CBK’s directions. In this regard, CBK has drafted the Banking (Penalties) Regulations,...

Draft CBK Guidance Note on Cyber Risk – June 2017

The increased leveraging on technology by banks exposes them to increased cyber risk. In this regard, the Central Bank of Kenya (CBK) has drafted a Guidance Note on Cyber Risk that outlines the minimum requirements for banks to enhance cyber security. CBK invites...