Identifying what needs to be done is the easy part,
- Financial services regulator with a remit to look at all deposit-takers
- CDSC must been given the power to police trades and become a different audit trail
- Stockbrokers must file daily returns that reconcilable to what is held by CDSC
- NSE must de-mutualise
Doing it isn't easy because it should have been done last yr,
but because FT found a buyer, the unpalatable steps were not taken. It’s a bit like our political scene.
Talking of which, don't some peeps like Muthuara and Martha realize the kind hole Kenya was in last month? Muthaura needs to go to his farm and enjoy retirement while Martha can become our first female Rais
but needs to pick up the populist lessons from the golfing Raila.