However, it is important to preserve the principle of solidarity in connection with joint agreements, and not to weaken it by granting largely unconditional access to the programmes. Finally, further progress towards a capital markets union would foster private risk sharing within Europe and, in this way, facilitate macroeconomic adjustment following asymmetric shocks.
I congratulate the Uganda Bankers’ Association on this important milestone and for the commendable job of fostering good governance and international best practices in the banking industry. The Code of Conduct will greatly contribute to the enhancement of public confidence in the banking sector.