Browsing by Author "Twesigye, Joseph"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    An Analysis of the Law Regulating Electronic Banking in Uganda.
    (Kampala International University, School of law., 2019-10) Twesigye, Joseph
    The Uganda financial system in Uganda is composed of commercial banks credit institutions, Micro-Finance deposit-taking institutions and the Stock exchange. Apart from the setback suffered folli;Jwing the closure of banks in 1998, 1999 and the ~ecent Crane Bank in 2016, the sector has witnessed tremendous improvement in performance indicators over the past years .it has been a big challenge for the customers is to sustain and enhance confidence in the sector especially in the systems and products provided therein. The central bank is mandated to regulate, supervise and discipline financial institutions in order to maintain their safety and soundness. The financial system supports the economy since it is the vehicle through which savings are mobilized. This intermediation role can only be successful if the general public has trust in financial institutions, especially confidence in ensuring safety of the deposits. This paper examines challenges of electronic banking In Uganda and the efforts of the Central Bank of Uganda to ensure successful transformation from traditional banking practices to practice of electronic banking in Uganda. It identifies lapses in the existing regulations on electronic banking, and argues that without a comprehensive regulation, institutional framework and improved access to information structure; it might be difficult for meaningful advances to be made in this field of electronic banking.