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{
    "id": 1511847,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1511847/?format=api",
    "text_counter": 218,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. Caroli Omondi",
    "speaker": null,
    "content": " Hon. Temporary Chairman, banks generally are not supposed to be uniform. By insisting on a uniform core capital base for all the banks, we are actually trying to interfere with how the markets should work. Different banks serve different segments of the society. If you go to South Africa, a bank strictly deals with farmers on farm inputs. Why does it need the same capital base as a bank that deals with transnational investments? It is wrong. We should have different tiers of banks at different capitalisation levels dealing with different segments of society. If we insist that banks must have uniform capital, what we will be doing is creating higher entry barriers for new business people who may wish to start banks and also create a small exclusive club of first-tier banks that may not necessarily be responsive to the needs of the rest of the market."
}