Credit market development

Peer review of ADR mechanism for CIS Kenya

March 21st, 2016
SUMMARY

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.

CITATION

Tatua Center. (2016). Peer review of ADR mechanism for CIS Kenya. Nairobi, Kenya: FSD Kenya.

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