Bank Supervision and Deposit Insurance in Sub-Saharan Africa

Following the Global Financial Crisis, many countries reformed their financial regulatory frameworks to address systemic risk. This book appraises the Kenya Deposit Insurance Act, 2012 and its effectiveness in addressing the moral hazard that arises from bank use of deposits. The book also examines the U.S financial regulatory framework considered as one of the oldest modern explicit deposit insurance regimes and the South African financial regulatory framework, strengthened by the Twin Peaks model under the Financial Sector Regulation Act, 2021 and introduction of explicit deposit insurance under the Financial Sector Laws Amendment Act, 2021. These comparator financial supervisory frameworks provide vantage points from which to evaluate the Kenyan bank supervisory and deposit insurance regimes.