Members of the Senate, heads of ministries and departments, banking and financial organizations, experts and businesses and others participated at the conference.

The conference participants underlined that it is necessary to raise efficiency legislation on further liberalization, diversification and modernization of economy and financial market due to global financial-economic crisis.

It was underlined importance of formation of modern financial services infrastructure, which would meet international requirements, strengthen sustainability and competitiveness of financial-credit institutions, improve their investment activities, expand their participation in modernization, technical and technological re-equipment, etc.

At the conference, the participants underlined that economy of Uzbekistan and its financial markets show its sustainability and reliability at global financial-economic crisis. The participants underlined that in the result of adopted measures on sustainability of institutes of financial markets, banking systems, as well as improve their investment activities.

It was underlined that currently 28 commercial banks, 100 leasing and 33 insurance companies, 28 microcredit organizations, 44 pawnshops, Uzbekistan Stock Exchange, currency exchange and securities exchange operates in Uzbekistan.

The conference discussed issues of improving legislation on regulating and supervising financial markets, protection of interests and rights of participants and investors of financial services market, raise competitiveness of financial markets, use potential of financial markets in implementation of concrete projects and programmes.

The participants underlined that it is necessary to form resource base, attract investments and organize effective inflow capital between industries and organizations of Uzbekistan, strengthen financial activities of the financial institutes.

The participants exchanged opinion on execution of normative acts and regulation in the sphere, exchange experience and considered proposals and recommendation on further improving legislation in the sphere.

The participants called to speed up adoption of the laws “On privatization” and “On investment and share funds”.

The corresponding recommendations were adopted at the end of the conference.