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{
    "id": 3660,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/3660/?format=api",
    "text_counter": 505,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": " Madam Temporary Deputy Speaker, I beg to move that The Kenya Deposit Insurance Bill (2011) be now read a Second Time. Madam Temporary Deputy Speaker, the Deposit Protection Fund Board was established in 1985 as a body corporate under the Banking Act, Cap.488, Laws of Kenya. Following the banking crisis of 1983/1984, the Act created a fund for the purpose of levying contributions from member institutions and to hold, manage and apply the Fund as mandated by the Banking Act. The purpose of the establishment of the Board and formation of the Fund was to create confidence in the banking industry by offering deposit insurance for institutions and customers, particularly small and vulnerable depositors."
}