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{
    "id": 327105,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327105/?format=api",
    "text_counter": 843,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Transport",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, indeed, I was coming to the specific situations. Assume a notorious shareholder of a bank “x”, who has his bank put under statutory management. For it to come out of statutory management, you need to comply with certain regulations by the Central Bank. If you do not satisfy those regulations and mark time waiting for the two years so that the receiver can go, you will have succeeded, using the law, to frustrate the legal requirement for you to comply. This will not necessarily bring any confidence within the banking sector. We are legislating in vain. This House should not legislate in vain. That is the point I am making. Let us look for other avenues of sorting out that situation, but not through this kind of legislation. It will not help anybody."
}