Good morning! I want to begin by thanking the Kenya Bankers Association (KBA) for inviting me to speak at this auspicious Annual Banking Conference. I applaud KBA for organizing this conference for the last seven years, and contributing to thought leadership on topical banking sector issues.
The theme of the conference ‘‘Credit Market Dynamics in an Evolving Regulatory and Market Participants’ Environment’’ is quite apt given the conjuncture—where the global, regional and national financial markets are today. For instance, in Kenya, there has been considerable discourse recently on the cost and availability of credit. The discussion is now morphing to the potential role of disruptive non-traditional credit providers that leverage on technology, but discussions about consumer protection in these new environments has not gathered much steam. However, I am informed that these issues will be discussed during the conference and I look forward to the findings.