"It is of interest some suggestions, in particular, related to establishing an international financial institution, which could control the operations of financial and banking sector on the global scale," Uzbek president said.

President Islam Karimov said there are proposals to entrust this institution the control over speculative banking operations on the world market, including the sphere of derivatives and other similar securities, which can imbalance the international trade and international financial market as a whole.

Uzbek head underlined: “In this respect, in our opinion, the reforms proposed by the US President Barack Obama arouse a big interest and deserve support in terms of establishing a special agency to control the operations of the US financial institutions and limit the risky deals with derivatives at the expense of taxpayers.".

"It is believed that if the ongoing and long-lasting discussions and debates on this topic result in a reasonable solution acceptable to all parties, then, undoubtedly, this will become one of the biggest achievements in resolving the crisis," Islam Karimov said.