An Analysis of the Law Regulating Electronic Banking in Uganda.
Loading...
Date
2019-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, School of law.
Abstract
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.
Description
A research dissertation submitted to the Faculty of Law in Partial
Fulfillment of the Requirements for the Award of the Bachelor's
Degree in Laws of Kampala International University.
Keywords
Electronic Banking, Law, Analysis, Uganda