The surcharges, to be phased in beginning in 2016, will be graduated based on criteria weighted toward size and interconnectedness with the financial system as a whole. Thus, the more systemically important the institution, the greater the capital surcharge. A fourth reform, intended to ensure that no firm is too big to fail, was the creation by Dodd-Frank of orderly liquidation authority.
Research conducted by the International Growth Centre has shown that it is possible for Uganda to industrialise through prioritization of high productivity services or non-traditional “industries without smokestacks” such as agro-processing, ICT, transport and tourism, which can absorb the youths seeking jobs. Government must focus on boosting export-oriented manufacturing and growth of the tradable services.