alexa Abstract | Basel Accords on Risk Management: A Survey of Kenya s Commercial Banks
ISSN: 2375-4389

Journal of Global Economics
Open Access

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Research Article Open Access

Abstract

In 2012 the Central bank of Kenya issued revised and new prudential and risk management guidelines applicable to commercial banks, mortgage finance companies and non-bank financial institutions licensed under the Banking Act of Kenya. This was informed by the need to up-date the banking sector regulatory framework in light of significant changes in local, regional and global banking sector’s operating environment. Key drivers included a desire to adapt new global best practices in banking sector such as the revised Basel Core Principles Banking Supervision. Among the guidelines issued include regular stress testing by commercial banks and the submission of a report to Banking Supervision Department on a quarterly basis. This paper investigated risk management techniques employed by commercial banks in Kenya and recorded several techniques including stress testing and contingency planning.

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Author(s): Ojwang George Omondi

Keywords

Back testing, Sensitivity analysis, Stress testing, Trend analysis, Value at risk, Global Market, Socio Economics Status, Economic Growth, Gross Domestic Product GDP, Economic Policies, E-Governance, Micro Economics, Financial Crisis, Social Economics, Business Management, Stock Market, Trading, Foreign Exchange, Economic Resources, Banking Research, Global Accounting, E-banking, World banking

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