On the other hand, prudential objectives often favour restricting bank activities to traditional commercial banking – taking deposits and making loans – where the risks are at least relatively well understood. The Ugandan banking legislation – the Financial Institutions Act – generally restricts banks to the traditional bank activities.
11  BIS Review 94/2000  Members of the Board and members of the CEA also meet monthly for lunch. Once again, discussions of the economic outlook and monetary policy are rare.