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{
    "id": 493512,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493512/?format=api",
    "text_counter": 213,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Gathecha",
    "speaker_title": "",
    "speaker": {
        "id": 652,
        "legal_name": "Annah Nyokabi Gathecha",
        "slug": "annah-nyokabi-gathecha"
    },
    "content": "currently available, we will realize that these particular people who will be regulated in this particular Bill will not only advise the Cabinet Secretaries involved in creating financial instruments in this country to ensure that we have the level of investments that are required and to ensure that we develop our country and meet the Vision 2030 goals that are currently being established, but will also be able to securitize and ensure that the financial instruments that we create will be able to position anybody participating in that particular industry to meet the necessary requirements. The issue of quacks in the financial industry is a serious problem. Anybody can go in and decide that they are going to work for a particular company and they do not have to have the basic educational requirement. What this does is expose Kenyans to a level of vulnerability that creates an opportunity for them to be swindled and exposed at a very high level and cleaned out all of their savings. That is not the kind of country that you would want to invest in. It is important that we have a board, an institution that sets the examinations, the standards of operating, and the behavour of those who are operating, especially within the financial industry. Not only am I commending the particular Committee that has come up with this particular Bill, is it important that in this country people are brought to accountability for their actions. In this particular Bill, sentences have been established for those who will be involved or found to be guilty of committing offences. They will be sentenced to imprisonment to a term of up to six months. Those involved in dishonesty and corruption; it is important that not only do we hold people accountable, but we also ensure that for the particular crime that they have committed, there is the requisite jail term and requisite responsibility that they will take with them, once the court finds them guilty. We want to ensure that the public is protected, and this will ensure that we have a safer society. I support. Thank you."
}