List Of Financial Regulatory Bodies In Kenya

List Of Financial Regulatory Bodies In Kenya

The financial regulator regulates the financial services industry including markets, exchanges and firms. They typically work for government bodies or independent standards organisations to ensure financial services meet industry-specific regulations.

In this article Keweb.co tries to answer the question by publishing the full list of Financial Regulatory Bodies in Kenya

Below are the full List of Financial Regulatory Bodies In Kenya

Financial Regulatory Institutions

  1. Central Bank of Kenya (CBK) – among other roles, the principal object of the Bank shall be to formulate and implement monetary policy directed to achieving and maintaining stability in the general level of prices
  2. Capital Markets Authority (CMA) – The CMA is therefore a regulating body charged with the prime responsibility of supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange and the central depository and settlement system and all the other persons licensed under the Capital Markets Act
  3. Nairobi Securities Exchange – provides securities trading facility

Major Sources of Finance

  1. Development Bank of Kenya (DBK)
  2. East African Development Bank (EADB)
  3. Eastern And Southern African Trade And Development Bank (PTA Bank)
  4. Kenya Commercial Bank (KCB)
  5. Industrial and Commercial Development Corporation (ICDC)
  6. International Finance Corporation (IFC)
  7. Industrial Promotion Services Ltd (IPS)
  8. African Development Bank AFDB

Who regulates the money markets in Kenya?

The Central Bank of Kenya Act Sections 4 and 5 provides that the Cabinet Secretary for the National Treasury shall, by notice in writing to the Bank, provide the price stability target of the Government at least in every period of 12 months. The target is provided at the beginning of the financial year.

Who enforces AML laws in Kenya?

A Mobile payment service provider (or its agent for the purposes of Anti Money Laundering) if found guilty of an offence under part 3, the Central Bank of Kenya may pursue any or all remedial actions provided under Section 16 Subsections 1, 2, 3, 4, 5, and 6 of the Proceeds of Crime and Anti Money Laundering Act, 2009.