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"id": 1511938,
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"type": "speech",
"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
"speaker": null,
"content": " Hon. Temporary Chairman, so that we make progress, we have consulted with the Members of my Committee together with the Leader of the Majority Party, and now I am moving an amendment in an amended form so that we can get a compromise where the banks will have time to comply with their core capital; and again, there are risks of those banks collapsing with people's deposits. In any case, as I explained, most banks are already compliant and 18 banks are already above Ksh6 billion core capital. We only have six which are between Ksh5 and Ksh3 billion. We could, therefore, get a compromise that instead of ten years or what is proposed in the Bill of within three years, we say five years which is a reasonable time for these banks to comply."
}