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{
    "id": 676308,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/676308/?format=api",
    "text_counter": 91,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "Hon. Temporary Deputy Chairman, yesterday, I had an opportunity to attend a meeting of the Departmental Committee on Finance, Planning and Trade when they met the Director, the Central Bank of Kenya (CBK) and later they met the Cabinet Secretary for the National Treasury. They talked about mismanagement of banks and the frustrations of the Governor of the CBK. They do everything in terms of audit and checking of banks to ensure that they do not flout the rules, but the banks still end up not having sufficient cash flows. At the end of the day, banks are put under receivership. This clause will end the frustrations that the CBK Governor goes through. I want to thank Hon. Njomo for bringing this amendment. Bank managers and their CEOs will now be held liable for any contravention of this section."
}