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{
    "id": 749653,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/749653/?format=api",
    "text_counter": 133,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Do not put the President in such situations. Let him stay out of it and do other things. He could only provide strategic interventions as required. The financial sector as a whole is entirely built on trust. Of course, there is always enabling legislation, but the trust element is important. Therefore, the reference made in passing with regard to qualifications required of the office holders is inadequate. In my view, anybody serving in any capacity in any of these institutions must meet the tenets of Chapter Six of the Constitution. If we do not do that then we will be in deep trouble and we will be exposed to ridicule internationally. Finally, this Centre will not operate unless the legal and institutional framework of our economy works. The Central Bank of Kenya (CBK) should completely be unfettered meaning that if it sees any signs of doubt on the integrity of any institution, it should be free to come down hard, within the law, on that institution. The legal framework including the judicial side must be one that is expeditious and one that can bring to book errant institutions and firms. If firms have had problems in other countries we should be quick to react and say we do not want any knock-on effect. If you have done badly in a neighboring country or a country across the sea, you are likely to do the same here. We do not want to become a centre for financial mercenaries in the world. There have been such developments in Europe, but the perpetrators have been clamped down very hard. In my view, a very critical component of this is that the governance framework ought to be transparent. There must be tight application of Chapter Six of the Constitution."
}