Under the current capital rule, all firms are subject to a fixed buffer requirement of 2.5 percent of risk-weighted assets--the largest firms are also subject to a global systemically important bank surcharge and potential countercyclical capital buffer.
Our Supervision staff are well trained and adequately equipped to carry out the BOU mandate to foster a sound financial system. The second issue relates to the licensing of Islamic banks in Uganda. The Bank of Uganda has received some inquiries for opening Islamic banks or banks which offer Islamic banking products.