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{
    "id": 685345,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/685345/?format=api",
    "text_counter": 195,
    "type": "speech",
    "speaker_name": "Hon. H.K. Njuguna",
    "speaker_title": "",
    "speaker": {
        "id": 1508,
        "legal_name": "Humphrey Kimani Njuguna",
        "slug": "humphrey-kimani-njuguna"
    },
    "content": "I would also like to comment on the banking sector. I support the spirit because of late we have witnessed the collapse of three banks. This has affected this sector and by extent most of us. The confidence we had built in the banking sector has been greatly eroded by the collapse of these banks. Clauses 45 and 48 of the Bill seek to expand the sharing of credit information across the entire sector. This is very important so that banks and financial institutions such as SACCOs can share information and know the loanees that are trustworthy or otherwise. There is an important recommendation on Clause 46 of the Bill which provides that the CS can now consult with the CBK. There ought to be consultations in the financial sector before certain decisions are made. I take cognisance of the fact that if we had consultations before, Chase Bank and Imperial Bank would not have collapsed. Certain decisions made can have far reaching consequences. I endorse this provision."
}