This change is unanimously supported by the federal banking agencies and potentially would allow approximately an additional 1,200 insured depository institutions to qualify for an eighteen-month examination cycle. The Board believes this change would provide meaningful relief to small, financially strong institutions without compromising safety and soundness.
Ladies and gentlemen, allow me to reiterate the benefits of the CRB to the financial sector, which are as follows: •  The CRB is expected to improve the performance of the Uganda’s financial sector and stimulate economic development by making lending and borrowing easier faster, and ultimately cheaper.