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"content": "Madam Deputy Speaker, I rise pursuant to Standing Order No.48(1) to seek a Statement from the Standing Committee on Finance and Budget regarding the financial status of deposit-taking commercial banks. In the Statement, the Committee should- (1) Explain the measures the Central Bank of Kenya (CBK) has put in place to regulate fiscal policy for deposit-taking banks such as Spire Bank Limited. (2) State penalties the CBK has put in place, if any, to be meted on commercial banks that fail to comply with the laid down regulations. (3) Outline measures being taken by the CBK in terms of policy directions in order to cushion the banking industry from severe loss going forward. Thank you."
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