Banks Face Tougher Conditions Under New CBK Law
President William Ruto assented to the new legislation as part of reforms under the Central Bank of Kenya (Amendment) Bill, 2026...
✨ Key Highlights
President William Ruto has assented to the Central Bank of Kenya (Amendment) Act, 2026, introducing stricter conditions for banks seeking Emergency Liquidity Assistance (ELA) from the Central Bank of Kenya (CBK).
- Banks must now meet stringent solvency, viability, and systemic risk thresholds to access ELA.
- The reforms aim to strengthen banking oversight and ensure taxpayer protection during financial distress.
- The new law formally separates the CBK's routine monetary policy from emergency financial interventions.
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