This paper describes the problems of bank regulation and supervision found in Tanzania, Uganda and Zambia, highlighting the institutional weaknesses facing bank regulators. It also reviews the recent banking regulation and supervision reforms designed to strengthen the regulatory and supervisory capacity of the central bank in all three countries and discusses the efficacy of the reforms in mitigating financial distress. It concludes that, while significant strides have been taken in all three countries, there is an important aspect of these reforms that needs to be addressed the practical problem of differentiating between appropriate and inappropriate regulations for developing economies.
Journal of Financial Regulation and Compliance – Emerald Publishing
Published: Apr 1, 2000