The US subprime crisis appears to be deteriorating which adds uncertainty to the international financial markets. Financial risk has increased. Against such an international economic and financial backdrop, it is possible that Macao will be adversely affected to a certain degree. It is likely that the Macao economy will experience a slow down after rapid growth.
2   Signing of the Memorandum of Understanding between the two regulatory authorities (BoU and UCC), in 2016 to clarify the respective roles and responsibilities. However, we have now made a significant progress towards the development of the legal framework for the regulation of payment systems in Uganda.