Published on March 21, 2016

Peer review of ADR mechanism for CIS Kenya


In 2012, the World Bank published a report highlighting the fundamentals of financial ombudsmen when resolving disputes between consumers and financial business. The International Network for Financial Ombudsman (INFO) used these fundamentals and created guidelines and principles for ombudsman that serves as international best practice for Financial Ombudsman and/or ADR schemes, and these factors formed the platform in evaluating TC. The report outlines the key issues to be borne in mind in creating a financial ombudsman, or developing an existing one – including governance, funding, coverage, procedure, accessibility, transparency and accountability.

You might also like

Regulation 2.0 – Gazing into the crystal ball

SACCO Briefs: SACCO societies regulations 2010, frequently asked questions for management

Creating value through financial inclusion

Understanding how Kenyan entrepreneurs grow and finance their businesses

The search for inclusion in Kenya’s financial landscape: The rift revealed summary report

SME banking models