As it is the case in general when confronting low-probability but high-cost events, it may be optimal to choose to err on the side of caution if this helps to reduce the likelihood of future crises. 6 Fourth, as recently recognized by Adrian and Shin among others, in a market based financial system, banking and capital developments have become inseparable.
Mobile money transactions totalled Shs 11.7 trillion in 2012, a 211 percent increase over the total in 2011. Furthermore, mobile banking offers enormous potential for further expansion, especially by broadening the type of service which can be provided to customers.