Abstract: Current regulatory model for financial regulation in Kenya is a hodgepodge of institutional and functional regulation. There are seven Government al agencies regulating specific segments of financial services. The Central Bank of Kenya (CBK) licenses and supervises the operations of all commercial banks excluding the Kenya Post Office Savings Bank (KPOSB) which is regulated by the Treasury Development Finance Institutions (DFIs) are regulated by different Government ministries. For instance, the Ministry of Finance, Industrial and Commercial Development Corporation (ICDC) by the Ministry of Trade and the Agricultural Finance Corporation (AFC) by the Ministry of Agriculture regulate the Industrial Development Bank (IDB).financial regulation is amongst the central instruments through which government seek to deliver on their policy priorities. However, a lack of consensus on how regulation should be conceptualized can make studying its nature and effects problematic. Therefore this study examined the role of public financial regulations on the performance of devolved systems of government in Kenya in Trans Nzoia County. The study examined the effect of budgetary process, funding mechanisms, cash management and ICT integration on performance of devolved systems. A descriptive research design was employed. The target population was184 staffs and the sample size was 124 staffs stratified in top, middle and operational level staffs within Trans Nzoia county financial regulatory board. Data was collected through the use of semi structured questionnaires which were administered to respondents and analyzed using statistical package for social sciences (SPSS) version 23.0 A pilot study was conducted to pretest the validity and reliability of data collection instruments. Both quantitative and qualitative data was collected analysed and presented in tables for easier interpretation.
Keywords: Budgetary process, Technology, Financial regulations, Government policy, Funding Mechanisms, Cash Management.
Title: Role of Public Financial Regulations on Performance of Devolved Systems of Government in Kenya: A case of Trans-Nzoia County
Author: Abiyah Lyambula Nelima, Dr. Noor Ismail Shalle
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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