{"id":658600,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/658600/?format=json","text_counter":95,"type":"speech","speaker_name":"Sen. Kagwe","speaker_title":"","speaker":{"id":229,"legal_name":"Mutahi Kagwe","slug":"mutahi-kagwe"},"content":"Mr. Speaker, Sir, I rise pursuant to Standing Order No.45 (2) (b) to seek a Statement from the Chairperson of the Senate Standing Committee on Finance, Commerce and Budget. In the Statement, the Chairperson should:- (i) explain the regulatory and legal procedures followed before a bank is considered to be put under receivership - the written procedures in communication that are to be followed; (ii) explain the extent to which regulations were followed in placing Dubai, Imperial and Chase banks under receivership; (iii)demonstrate whether placing the said banks under receivership was the most appropriate course of action and whether it was a board decision or a sole decision of an individual or individuals; and, (iv) clarify the remedial measures being put in place by the Central Bank of Kenya (CBK) with respect to Imperial Bank."}