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Finance 03/12/2015 Uzbekistan stage-by-stage introduces Basel III
Uzbekistan stage-by-stage introduces Basel III
Tashkent, Uzbekistan (UzDaily.com) -- Currently, Uzbekistan adopts measures on stage-by-stage introduction of standards of Basel III in the banking system.

According to the Central Bank of Uzbekistan, these measures envisage raising of the quality of capital with a gradual increase of the minimum regulatory capital adequacy ratio from 10% to 14.5% based on capital conservation buffer of 3% from risk-weighted assets.

Uzbekistan also intends to gradually increase the minimum capital adequacy ratio of Tier I from 5% to 11%, taking into account the capital conservation buffer of 3% of total risk-weighted assets.

From 1 January 2016 it is planned to introduce the liquidity coverage ratio norm (the ratio of liquid assets of high quality to a net cash outflow for the period of performance of up to 30 days) and the coefficient of the rate of net stable funding (ratio of the available amount of stable funding to the resources required amount of stable funding).

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