To paraphrase the old adage, those who do not learn all of the lessons of history are destined to repeat them. Once again, the fundamental management challenge is to balance the opportunities of the present with the prospects for the future. BIS Review 14/2004  3
We therefore need to work very hard during the 10-year transition window provided by the EAC Summit beginning 2014, to establish the following EAC institutions;  2  i. East African Central Bank;  ii. Surveillance, Compliance and Enforcement Commission;  iii. Financial Services Commission;  iv.