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How State averted fresh wave of bank collapses Tuesday January 26 2021 By CONSTANT MUNDA Summary Most of the historical bank failures have been due to a mix of fraud, political interference, excessive risk-taking and inadequate capital. Yatani says continuous surveillance of financial institutions had helped in the early detection of shady financial transactions and malpractices and arrest of additional failures. The government battled major bank scandals behind the scenes last year, staving off a new wave of collapses, Treasury Cabinet Secretary Ukur Yatani has revealed. Mr Yatani said that continuous surveillance of financial institutions had helped in the early detection of shady financial transactions and malpractices and arrest of additional failures that would have eroded investor confidence and hurt depositors.

United arab emiratesMohamud ahmedUkur yataniKenya national assurance companyCentral bankChase bankPrudential bankDubai bankKenya deposit insurance corporationEuro bankImperial bankHow stateTreasury cabinet secretary ukur yataniPolicy statementTrust bankTrade bank