So that we can better understand linkages among firms and markets that have the potential to undermine the stability of the financial system, we have adopted a more explicitly multidisciplinary approach, making use of the Federal Reserve’s broad expertise in economics, financial markets, payment systems, and bank supervision to which I alluded earlier.
The expansion of Bank of Baroda’s branch network will strengthen the bank’s capacity to meet this growing demand for financial services. The decision of Bank of Baroda to open a branch in Entebbe also bears testimony to the very bright prospects for business and commerce in the town. Entebbe and its environs already play an important role in the tourism and horticultural industries.