Strong guardrails for safety and soundness, market integrity, and investor and consumer protection will help ensure that new digital finance products, platforms, and activities are based on genuine economic value and not on regulatory evasion, which ultimately leaves investors more exposed than they may appreciate.
I hope it will lead to a greater understanding among the business community in Uganda of the benefits which firms can derive by preparing financial accounts that comply with best practise and global reporting standards. I want to reflect in these remarks on the contribution which financial reporting makes to a developing economy and in particular the growth of a modern business sector.