Governor Atingi-Ego spoke on 'The Role of Financial Sector Regulation in Advancing the 10x Growth Agenda' at the Uganda Institute of Banking & Financial Services (UIBFS) 2nd Annual Research Conference this morning. He said that to finance a US$500 billion economy by 2040, Uganda’s private sector credit needs to grow from the current just under UGX30 trillion to over UGX490 trillion, and called upon banks to “build the capital, the risk governance, and the balance sheet capacity to lend at a scale and pace this country has not previously attempted.” He urged researchers to “Test our assumptions on credit scoring, climate exposure, capital market behaviour, and supervisory technology, and hold us to what the data shows.” On the Bank of Uganda’s role, Governor Atingi-Ego committed to proportional, forward-looking regulation, saying that “Regulation, done well, is the mechanism that lets ambition and safety advance together.” The Governor symbolically signed off the launch of a Financial Sector Research Hub which will include 3 elements; the Research Agenda, a Research Fund, and a Research Centre. These initiatives are intended to increase the use of evidence-based research in financial sector policymaking and institutional decision-making.