3  Accordingly, effective September 30, 2018 the minimum on-going core capital requirements was enhanced from 8 percent to 10 percent of the total risk adjusted assets plus risk adjusted off balance sheet items for Commercial Banks and Credit Institutions. The achievement of this milestone marks the point of full implementation of Basel I Capital Accord by BoU.
In furtherance of the implementation of the Basel standards in the Supervisory framework, the Bank of Uganda will now focus on enhancing the implementation of the Basel II Capital Accord. The BoU has implemented some of the pre-conditions for Pillar II of the Basel II Capital Accord, which is enshrined in the legal and supervisory framework.