In February 2003, The Bank of Uganda introduced the primary dealer system. The main objectives were to: (i)  Promote financial markets development. (ii)  Stimulate and broaden the government securities market through increased competition. As you all know, Primary dealers serve as trading counterparties of the Bank of Uganda in its implementation of monetary policy.
Vice versa, the broad understanding from macroprudential regulation has been effective in instituting prudential safeguards at the micro institution level.