A risk-based regulation acts directly over the incentives to take risks, and reduces the possibility of regulatory gaps whereby important activities that should be regulated escape regulation. Dynamic regulatory perimeter. Financial institutions are special not only because they are specialized on risk management but also because they have shown to be creative and efficient on the development of new products.
With those few remarks, it is now my singular privilege to declare Barclays University in Uganda open. BIS Review 72/2006  1