The Central Bank of the Republic of Uzbekistan’s Board approved a 2025–2028 roadmap to further enhance banking regulation and supervision, developed in response to recommendations from Uzbekistan’s first Financial Sector Assessment Program assessment conducted by the International Monetary Fund and the World Bank in 2024–2025. The roadmap is based on the published Financial System Stability Assessment, Financial Sector Assessment, and the detailed assessment of observance of the Basel Core Principles for Effective Banking Supervision. The plan prioritises legislative amendments to strengthen the Central Bank’s institutional capacity; full implementation of Basel III including Pillar 2 and Pillar 3; stronger corporate governance and risk management requirements in banks; improvements to supervisory processes and full implementation of risk-based banking supervision; introduction of consolidated supervision for banks and banking groups; establishment of a bank resolution mechanism alongside enhancements to liquidation procedures and the deposit insurance system; strengthened international cooperation in banking supervision; and additional measures aimed at ensuring financial stability.
Central Bank of the Republic of Uzbekistan 2025-11-18
Central Bank of the Republic of Uzbekistan approves 2025–2028 roadmap to strengthen bank regulation and supervision following FSAP assessment
The Central Bank of the Republic of Uzbekistan approved a 2025–2028 roadmap to enhance banking regulation and supervision, following IMF and World Bank recommendations. The plan includes legislative amendments, full Basel III implementation, improved corporate governance, risk management, supervisory processes, consolidated supervision, and a bank resolution mechanism. It also aims to strengthen international cooperation and ensure financial stability.