4.3 Financial Regulators in Business

• Meaning and purpose of financial regulation in business
• The need for financial regulators in Kenya
• The financial regulators of Kenya: Central Bank of Kenya, Capital Markets Authority, Insurance Regulatory Authority, Retirement Benefits Authority, Sacco Societies Regulatory Authority and Unclaimed Financial Assets Authority
• The roles of the Central Bank of Kenya
• Monetary policy and price stability
• Regulation and supervision of banks and the payment system
• The Central Bank of Kenya as banker to the government and lender of last resort
• The roles of the Capital Markets Authority
• The roles of the Insurance Regulatory Authority
• The roles of the Retirement Benefits Authority
• The roles of the Sacco Societies Regulatory Authority
• The roles of the Unclaimed Financial Assets Authority
• How the financial regulators contribute to financial stability
• Appreciating the roles of government financial regulators in Kenya

• examine the roles of government financial regulators in Kenya
• explain the meaning and need for financial regulation
• analyse the roles of the Central Bank of Kenya
• examine the roles of the other financial regulators in Kenya
• appreciate the roles of government financial regulators in Kenya

“What is the role of the government financial regulators in Kenya?”

“Why is financial regulation important in Kenya?”

“How do financial regulators promote financial stability?”

The titles are open to everyone. Reading a lesson needs an account — sign in or create one.

1. The need for financial regulation
   40 min · 1 practice tasks · quiz
   Introduce financial regulation and explain why it is needed in a modern economy.
2. The financial regulators of Kenya
   40 min · 1 practice tasks · quiz
   Identify the six government financial regulators of Kenya and the area each one guards.
3. The Central Bank of Kenya and its mandate
   40 min · 1 practice tasks · quiz
   Examine the establishment and core mandate of the Central Bank of Kenya.
4. Monetary policy and price stability
   40 min · 1 practice tasks · quiz
   Explain monetary policy and how the Central Bank controls inflation.
5. Regulating and supervising banks
   40 min · 1 practice tasks · quiz
   Explain how the Central Bank licenses, regulates and supervises banks.
6. Banker to the government and lender of last resort
   40 min · 1 practice tasks · quiz
   Explain the Central Bank as banker to the government and to the banks.
7. The Capital Markets Authority
   40 min · 1 practice tasks · quiz
   Examine the roles of the Capital Markets Authority in the securities market.
8. The Capital Markets Authority: investor protection and market growth
   40 min · 1 practice tasks · quiz
   Explain how the Capital Markets Authority protects investors and develops the market.
9. The Insurance Regulatory Authority
   40 min · 1 practice tasks · quiz
   Examine the roles of the Insurance Regulatory Authority in the insurance industry.
10. The Insurance Regulatory Authority: protecting policyholders
    40 min · 1 practice tasks · quiz
    Explain how the Insurance Regulatory Authority protects policyholders and resolves complaints.
11. The Retirement Benefits Authority
    40 min · 1 practice tasks · quiz
    Examine the roles of the Retirement Benefits Authority in pension schemes.
12. The Sacco Societies Regulatory Authority
    40 min · 1 practice tasks · quiz
    Examine the roles of the Sacco Societies Regulatory Authority.
13. The Unclaimed Financial Assets Authority
    40 min · 1 practice tasks · quiz
    Examine the roles of the Unclaimed Financial Assets Authority.
14. How the regulators contribute to financial stability
    40 min · 1 practice tasks · quiz
    Explain how the financial regulators together promote financial stability.
15. Case studies of financial regulators in action
    40 min · 1 practice tasks · quiz
    Read and present case studies of the financial regulators of Kenya.
16. Appreciating the roles of financial regulators
    40 min · 1 practice tasks · quiz
    Appreciate the roles of the financial regulators and design a poster on them.