<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>So how then do we expect them to execute?</div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">How do you regulate an industry that is in the 22nd Century with tools not updated since Alexander Graham Bell invented the telephone?</div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">The bad news (or good if you want to console yourself) is that this is not a particular Kenyan phenomenon. It's a global thing. Regulators and enforcers are finding themselves walking into a gun fight armed with a pen knife.. <br><br><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Ali Hussein</b></span></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Principal</b></span></div><div><b style="background-color: rgba(255, 255, 255, 0);">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0713 601113 / 0770906375</div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; "><br></div><div><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Twitter: @AliHKassim</span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Skype: abu-jomo</span></p><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div>"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div><div><br>On 27 Apr 2016, at 12:55 PM, Mwendwa Kivuva via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr"><p style="margin:0px 0px 15.6px"><font color="#808080" face="Georgia, ITC Century W01 Light"><span style="font-size:17px;line-height:25px"><a href="http://www.nation.co.ke/business/CBK-lacks-tech-savvy-team-to-survey-local-lenders/-/996/3178888/-/438fkcz/-/index.html">http://www.nation.co.ke/business/CBK-lacks-tech-savvy-team-to-survey-local-lenders/-/996/3178888/-/438fkcz/-/index.html</a></span></font><br></p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">The Central Bank of Kenya’s (CBK) unit charged with supervising lenders lacks a tech savvy team to watch over transactions amid a confidence crisis after the collapse of three banks, Parliament was told Tuesday.</p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">Gerald Nyaoma, head of bank supervision department, told MPs that his unit lacks the expertise to audit banks’ Information Technology (IT) systems—which rogue and greedy directors have exploited to lend themselves billions of shillings of depositors’ funds, breaching banking regulations.</p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">“I acknowledge the key role that ICT experts would play at the department and this is the advice I personally gave the governor (CBK head Patrick Njoroge),” said Mr Nyaoma.</p><div><br clear="all"><div><div class="gmail_signature">______________________<br>Mwendwa Kivuva, Nairobi, Kenya<br><a href="http://twitter.com/lordmwesh" target="_blank">twitter.com/lordmwesh</a><br><br><br></div></div>
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</div></blockquote><blockquote type="cite"><div><span>_______________________________________________</span><br><span>kictanet mailing list</span><br><span><a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a></span><br><span><a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a></span><br><span></span><br><span>Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com">https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com</a></span><br><span></span><br><span>The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.</span><br><span></span><br><span>KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.</span></div></blockquote></body></html>