In my view, the banking union can be established without simultaneous creation of the pan-European deposit guarantee scheme (DGS). Harmonisation of national DGS and their use could already be sufficient step forward, including the ex ante collection of funds from banks into the deposit guarantee funds.
During the years of turbulence, many staff of the Bank of Uganda strove bravely and tirelessly, against numerous obstacles, to keep the Bank functioning properly for the welfare of all Ugandans. The second half of the Bank’s 50 years of existence has undoubtedly been more propitious than the first.