Kenya considers regulation of banking professionals
Date postedSeptember 11, 2024
A proposed bill in Kenya, "The Institute of Bankers Bill 2024," seeks to establish the Institute of Bankers to regulate, certify, and license banking professionals. If passed, all bankers will need to register, meeting specific educational criteria and passing exams. The bill aims to professionalize the banking sector, addressing gaps in regulatory standards and learning from other African nations like Uganda and South Africa. It could impact 10,500 professionals within three years.
(Summary assisted by ChatGPT)