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{
    "id": 313027,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/313027/?format=api",
    "text_counter": 74,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Thank you, Mr. Deputy Speaker, Sir. Coming to the clarifications that the hon. Member has sought, yes, Section 31(3)(a) gives discretion to the CBK. It reads:- “The Central Bank may disclose any information referred to in subsection (2) to any monetary authority or financial regulatory authority, fiscal or tax agency or fraud investigations agency within or outside Kenya, where such information is reasonably required for the proper discharge of the functions of the Central Bank or the requesting monetary authority or financial regulatory authority, fiscal or tax agency or fraud investigations agency.” This means that the Central Bank is not mandated but may. Although these amendments were made in 2008 specifically to empower the CBK to share this information, even before the amendments, the CBK used to share the information with other Government statutory bodies in fulfillment of its general mandate of maintaining and fostering safe and sound financial payment system. That is one of the mandates of the CBK."
}