NewsBriefly Editorial··Kenya
Kenya’s migration from Bank Specific Base Lending rates to KESONIA
The Central Bank of Kenya has replaced bank-specific internal base lending rates with the Kenya Shilling Overnight Interbank Average (KESONIA), restructuring the Risk-Based Credit Pricing Model under the Central Bank of Kenya Act (Cap 491) and the Banking Act (Cap 488) . The reform raises material questions of statutory authority, contractual variation, in duplum compliance, data-protection exposure in credit-risk scoring, and supervisory enforcement .
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