The Kenya Bankers Association (KBA) and the Capital Markets Authority (CMA) signed a memorandum of understanding (MoU) to promote the financial sector through research, stakeholder engagement, data sharing, and analysis.
The MoU was signed during KBA’s 7th Annual Banking Research Conference and it will help the two government entities to facilitate economic development through research and innovation, promote advocacy, facilitate investor education and awareness, and boost the uptake of capital markets products and services.
The CMA Chief Executive, Mr. Paul Muthaura observed: “The signing of the MOU with KBA is aligned to the CMA Strategic Plan, 2018-2023, under its objective of Enhancing Strategic Influence. This encapsulates several key initiatives, including the need to engage with stakeholders to ensure the deepening of the market and to build strategic alliances with domestic and international partners. The Strategic Plan seeks to position the Authority to facilitate the delivery of the Big Four Agenda…. […] This MOU is a natural progression to further support closer coordination and cooperation with the Association as a key strategic partner.”
“We are very pleased to be partnering with the Capital Markets Authority which leads in Africa in terms of capital market development and innovation,” said KBA Chief Executive, Dr Habil Olaka. “For years KBA has been the preeminent source of banking industry research and the Association has led discourse on policy matters, through this partnership we will be able to leverage our expertise and resources to contribute to broader financial sector growth, anchored on the development of our capital markets.”
The two entities will spearhead “initiatives within the bond market such as improving netting and collateralized transaction frameworks, green financing and operationalizing bond market infrastructure and products.
