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{
    "id": 327134,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327134/?format=api",
    "text_counter": 872,
    "type": "speech",
    "speaker_name": "Mr. M’Mithiaru",
    "speaker_title": "",
    "speaker": {
        "id": 72,
        "legal_name": "Ntoitha M'mithiaru",
        "slug": "ntoitha-mmithiaru"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, we have to go to the fundamentals. We know that the financial arena has its own rules of the game. Parliament cannot be the regulator. We already have the Central Bank of Kenya (CBK) as the regulator. We also know that by trying to control the deposits rates, we are not really trying to assist even the industry itself, just as we talked about the lending rates. There is also the other side of it. So, we cannot seem to be controlling an industry which has a regulator. Ours is really to appeal to the CBK to ensure that, at least, there is a direction from the Government side on how things should move. For Parliament to cap a rate within an Act of Parliament is not appropriate. Please, let us leave it to the regulator to handle that bit. I oppose."
}