The NBFIs need to develop capital market instruments to pool funds from a diverse set of investors to ensure certainty to the source and cost of funding. Fourth, we need to strengthen the oversight and regulation of NBFIs to reduce the risks emanating from “shadow banking”.
Ms. Sue Milton from the Centre For Central Bank Studies (CCBS) of the Bank of England and Mr. Nobert Rothe from the Centre for Technical Central Bank Cooperation of the German (CTCBS) Bundesbank are here because of the good relationship that exists between the Bank of Uganda and these two Central Banks.