Opiokello on Uganda and Basel II
David Opiokello, the deputy governor of the Bank of Uganda, said "The key element that countries should consider before moving on to Basel II is whether a good baseline supervisory system is in place," in a speech delivered on 3 July in Kampala.
He said that this meant examining "whether the Basel Committee's Basic Core Principles, including its preconditions - have been complied with."
In the speech, Opiokello said, "For Uganda, the answer to this is in the affirmative. Yes, we have a good
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