Are you a supervised Financial Institution? Do you want Basel II Accord swift compliance at an affordable cost? Worry no more. At Summit Consulting Ltd, we have developed a Basel II toolkit to facilitate your swift compliance to the Central Bank’s Instruction Circular ‘EDS.306.2’ dated 8th April 2021 with the subject matter “Implementation of the Basel II Accord in Uganda.” According to the Instruction Circular, all Supervised Financial Institutions (SFIs) are required to assess their internal capital adequacy for covering all risks they can potentially face in the course of their operations. SFIs are obliged to comply with the requirements…
Here is why you must identify and close revenue leakages
A leaking container cannot hold water for long. In 1992, my grandfather taught me a leadership lesson, that I never grasped well at the time, until I was of age to relate it to life events that I got to understand. I am sure you too have lessons you grasp, as you grow older. It is normal. Mzee Ataanansi Komunjara Akiiki was a religious man of integrity. He always said two things i) trust after controls, and ii) a leaking container cannot hold water. One day, he took me on a lesson on why I should always take time to…
