Finally, let me comment on the possibility that our asset purchase program could threaten financial stability by promoting excessive risk-taking, a significant concern that I and my colleagues take very seriously. To put this concern in context, though, remember that during the most intense phase of the financial crisis, risk aversion surged.
In future, it would be desirable for Uganda to enact a law on credit data protection which would replace the existing CRB guidelines. Data protection legislation could also allow non financial institutions, such as utility companies, to participate in the CRB.