Since BOU supervises these institutions the Board of the Bank of Uganda needs assurance that risk management in the Financial Institutions is being carried out satisfactorily all the time. A better understanding of risk management by the Board of Directors of BOU will, therefore, serve the Board better to discharge its responsibilities in these areas.
Looking at things from today's perspective, I cannot say with any great certainty how the situation and the risks for banks will evolve. However, we would be remiss not to think about potential risks.