The Legal and Institutional Framework Governing the Management of Commercial Banks Uganda

TABLE OF CONTENTS

DEDICATION ............................................................................................... i

DECLARATION OF ORIGINALITY ................................................................ ii

ACKNOWLEDGMENT ................................................................................ .iii

LIST OF ACTS ............................................................................................ iv

LIST OF ABBREVIATIONS ........................................................................... v

ABSTRACT ................................................................................................. vi

TABLE OF CONTENTS .............................................................................. vii

CHAPTER ONE ............................................................................................ 1

1.0 Introduction .......................................................................................... 1

1.1 Statement of the problem ...................................................................... 5

1.2 Methodology .......................................................................................... 6

1.3 Justification for the research ................................................................. 6

1.4 Hypothesis ............................................................................................ 7

1.5 Objectives of the study .......................................................................... 7

1.6 Scope of the study ................................................................................. 8

1. 7 Chapterisation ...................................................................................... 9

1.8 Conclusion .......................................................................................... 1 0

CHAPTER TWO ......................................................................................... 11

The legal framework governing ................................................................... 11

Commercial banks ..................................................................................... 11

2.0 Introduction: ....................................................................................... 11

2.1 Historical Background of Banking ....................................................... 11

2. 1.1 Pre- Independence ............................................................................ 13

2.1.2 Post Independence ........................................................................... 15

vii

2.2. Evolution of Commercial Bank Laws .................................................. 18

2.3 The Law Relating to Commercial Banks in Uganda ............................. 21

2.3.1. The 1995 Constitution of Uganda .................................................... 22

2.3.2 The Bills of Exchange Act Cap 68 ..................................................... 23

2.3.3 The Financial Institutions Act-1993 ................................................. 26

2.3.4. The Bank of Uganda Act Cap. 51.. ................................................... 30

2.4 Critique of the Legal Framework. ......................................................... 32

2.5 Conclusion .......................................................................................... 36

CHAPTER THREE ..................................................................................... 37

3.0 Introduction ........................................................................................ 37

3.1 The Bank of Uganda ............................................................................ 38

3.2 The Uganda Bankers Institute ............................................................ .47

3.3 The Ministry of Finance ....................................................................... 51

3.4 Comments and Analysis ...................................................................... 53

3.5 Conclusion .......................................................................................... 56

CHAPTER FOUR ....................................................................................... 57

4.0 Conclusions ......................................................................................... 57

4.1 Recommendations ............................................................................... 58

Bibliography .............................................................................................. 68