3  With these achievements in mind over the years and given the recent amendments to the Financial Institutions Act, 2004, which allowed banks to engage in Islamic banking, Agent banking and Bancassurance; enormous potential for innovation, growth and financial inclusion in Uganda’s formal financial sector remains.
In the African Region, Standard Chartered Bank has a strong foot print and its existence in the region raises important aspects of cross border banking relationships between home and host regulators. One important aspect I wish to highlight is the resolution of cross border banking entities.