But the sooner the exposures to problem assets are accounted for and disclosed, the sooner markets can get back to pricing risk prudently and providing credit on sensible commercial terms. At present, without enough information, they are operating on an impossibly short timeframe, out of fear of what tomorrow might bring.
The Bank of Uganda has issued guidelines to the financial institutions that participate in the CRB to protect the rights of borrowers and to ensure that data are not misused. Financial institutions are required to put in place internal control procedures to ensure that access to the CRB is restricted.