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Institutions to Set Up Early Warning Systems.
(From The Nation (Kenya) - AAGM)
The Finance Minister, Amos Kimunya, has ordered all bodies falling under his ministry to set up early warning systems to forestall collapse of market institutions.
The move, he noted, would ensure market integrity and increase investors confidence.
The call was directed more to the financial regulatory bodies, whose mandate involves securing public interest by ensuring licensed players adhere to the licensing conditions.
Pointing out the recent collapse of Francis Thuo & Partner, a stockbrokerage firm, now under receivership after falling to account for over Sh100 million of its clients' money, he said it …
