Proposed ECCB legislation dissected by financial experts

eccb central bankMembers of banking fraternity, financial experts and trade unionists have given the most comprehensive review to date on the Banking Bill (2015). In their review, the stakeholders detail their concerns with the proposed Act which had its first reading in Parliament three weeks ago.

One of the observations is that local governments are giving up revenue. Annual license fees that now go to national treasuries will be due to the Central Bank, once the Bill becomes law.

Here, you can review their thoughts and the Bill side by side.

Commentary on Banking Bill (2015)

Banking Bill (2015)

Banking Bill Explanatory Memorandum (2015)