Unravelling the mystery behind bank insolvencies in the East African Community (EAC) – the case for Uganda, Kenya and Tanzania

Book chapter


Nsubuga, H. 2022. Unravelling the mystery behind bank insolvencies in the East African Community (EAC) – the case for Uganda, Kenya and Tanzania. in: Akintola, K. and Adeyemo, F. (ed.) Bank Insolvency Law in Developing Economies London, UK Taylor & Francis (Routledge).
Chapter titleUnravelling the mystery behind bank insolvencies in the East African Community (EAC) – the case for Uganda, Kenya and Tanzania
AuthorsNsubuga, H.
Abstract

This chapter analyses the collapse of banks and financial institutions in Uganda, Kenya and Tanzania, three of the key Member States of the EAC. The causes and impact of bank insolvencies in these Member States’ banking sectors are examined. The chapter begins with an historical overview of banking and its evolution in these Member States prior to the 2007 – 2008 global financial crisis, and the response to this crisis, examining the safeguards that were implemented by these Member States to combat subsequent financial crises. This is followed by an analysis of the factors that have inhibited the functionality of these safeguards, leading to a high number of bank insolvencies in these Member States. The chapter concludes by calling for a regional cross-border banking and resolution framework across the EAC as a measure that would combat bank insolvencies in the region.

Sustainable Development Goals8 Decent work and economic growth
Book titleBank Insolvency Law in Developing Economies
EditorsAkintola, K. and Adeyemo, F.
PublisherTaylor & Francis (Routledge)
Place of publicationLondon, UK
ISBN
Hardcover9780367711863
Paperback9781032003979
Electronic9781003173984
Publication dates
Print30 Dec 2022
Publication process dates
Deposited15 Jun 2022
Accepted15 May 2022
Output statusPublished
Accepted author manuscript
License
File Access Level
Open
Copyright Statement

This is an Accepted Manuscript of a book chapter published by Routledge in Banking Insolvency Law in Developing Economies on 30 December 2022, available online: https://doi.org/10.4324/9781003173984.

It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.

Digital Object Identifier (DOI)https://doi.org/10.4324/9781003173984-4
Related Output
Is part ofhttps://doi.org/10.4324/9781003173984
LanguageEnglish
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