At the event, participants considered actual issues of determining credit risks, their assessment and supervision. They also familiarized with new requirements of Basel Committee on banking supervision and their implementation in practice.

Representatives of Deutsche Bundesbank shared with the Uzbek colleagues on methodology on minimizing credit and operation risks, consolidate supervision, as well as approaches on management of risks and their assessment. Participants noted actuality of considered issues in conditions of gradual deepening economic reforms, expanding integration processes and strengthening of competition in the banking products’ market.

Principles of Basel Committee on Banking Supervision is aimed at developing system on management of banking risks and system on supervision over banks. The proposed criteria allow regulator to select that method of risk assessment, which would meet current level of the banking system development and market characteristics, in which banks are operating.

It is worth to mention that banking supervision in Uzbekistan is directed at ensuring stability of the banking system, protection of interest of depositors and creditors.

During its activities, the Central Bank of Uzbekistan puts requirements to the bank based on Basel recommendations on management of banking risks. These requirements envisage to strengthen role of credit organizations in economic reforms due to ensuring sustainability of the banking system and increasing quality of its services.

To achieve goals, it is necessary to improve legal base, which ensure operation of the banking activities, regulation of banking activities and efficiency of its supervision, develop payment discipline and healthy competition, etc. These factors became pledge for sustainability of national banking system and its activities in economic reforms.

Participants familiarized with experience of the German bankers on implementation of three main direction of Basel committee – minimal requirement to banking capital, banking supervision and payment discipline, as well as exchange opinion on improvement of assessment of banking risks in new economic conditions.

It is worth to mention that the Central Bank of Uzbekistan and Deutsche Bundesbank are continuing to expand partnership relations. For last ten years, the Uzbek and German bankers exchange experience on strengthening of the role of credit organizations in economy, improving banking activities based on market conditions, etc.