The event was organized in cooperation with the Federal Bank of Germany - Deutsche Bundesbank and in order to implement presidential resolution “On priority directions on further reforming and increasing sustainability of financial-banking system of Uzbekistan in 2011-2015 and achievement of high international rating figures”.

Experts of Deutsche Bundesbank Tomas Jabs and Henning Reidiger participated at the event, the Central Bank of Uzbekistan said.

They shared experience in organization of banking supervision, information technologies and their interrupted work, organization of stress-tests, etc.

It was noted that Central Bank of Uzbekistan conducts its work in line with international standards, including principles and recommendations of Basel committee on banking supervision. The measures taken by the Central Bank on regulation of the banking system and prudential supervision have become the basis for identifying deficiency and preventing possible problems in the banks. This served as strong foundation for sustainable development of local banking system despite global financial crisis.

Currently, Central Bank of Uzbekistan introduces stress tests into practice, which will assess impact of negative events to financial situation of the banks. The methods of stress-tests are developing regularly and used in macroeconomic figures. The methods also use statistics and econometric models. Basel committee also proposes to use stress-stress.

Central Bank plays a key role in determining criteria for stress-tests and development of modules on introduction of stress-testing tools, as well as ensuring their efficiency. The stress-tests rates readiness of banks to possible negative situations, reveal weak sides of the bank, etc.

At the seminar, German experts underlined that the regulator should pay attention to risk of liquidity, operation activity, sales of banking products, determining market, price, crediting, risks management and other issues.

The participants of the seminar discussed risk management, outsourcing, collection and processing data, and other issues.