If any regulatory or supervisory response is required, the four-step cycle mentioned above should be implemented carefully: systems must be designed from a forward-looking perspective, implementation must be steady, the positive effects and negative side effects must be evaluated, and any problems must be addressed as necessary.
It is my prayer, and part of their  prudential obligation, that Supervised Financial institutions including Standard Chartered Bank Uganda Ltd, continuously review, enhance and improve  their  risk  management  programs;  especially with respect to the emergent risks inherent in digital banking business solutions.