Credit information could be misused, says Uganda’s Tumusiime-Mutebile
Emmanuel Tumusiime-Mutebile, the governor of the Bank of Uganda, on 20 October said that while there were benefits to sharing credit information between banks, legislation to protect personal data would need to be enforced.
"Information sharing significantly increases the breadth of credit markets, especially where creditors' rights and foreclosure mechanisms are weak, partly compensating for the lack of effective law enforcement," Tumusiime-Mutebile said.
Tumusiime-Mutebile said sharing credit
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