乌兹别克斯坦共和国：金融部门评估计划——对遵守巴塞尔有效银行监管核心原则的详细评估

FINANCIAL SECTOR ASSESSMENT PROGRAM DETAILED ASSESSMENT OF OBSERVANCE—BASELCORE PRINCIPLES FOR EFFECTIVE BANKINGSUPERVISION This paperonUzbekistanwas prepared by a staff team of the International MonetaryFundin the context of anIMF Financial Sector Assessment Program (FSAP). It is based onthe information available at the time it was completedinJuly2025. Copies of this report areavailable to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.org International Monetary FundWashington, D.C. REPUBLIC OF UZBEKISTAN FINANCIAL SECTOR ASSESSMENT PROGRAM DETAILED ASSESSMENT OFOBSERVANCE BASEL CORE PRINCIPLES FOR EFFECTIVE BANKINGSUPERVISION This report was prepared in the context of a jointIMF-World Bank Financial Sector AssessmentProgram (FSAP) mission in Uzbekistan duringNovember 2024, led by Mr. Vassili Prokopenko, IMFand Ms. Gunhild Berg, World Bank, and overseen bythe Monetary and Capital Markets Department, IMF,and the Finance, Competitiveness and InvestmentGlobal Practice, World Bank. Further information onthe FSAP program can be found athttp://www.imf.org/external/np/fsap/fssa.aspx, andwww.worldbank.org/fsap. Prepared By Monetary and CapitalMarkets Department, IMF,and Finance,Competitiveness andInvestment Global Practice,World Bank THE WORLD BANK INTERNATIONAL MONETARY FUND Glossary__________________________________________________________________________________________4 List of Regulations________________________________________________________________________________6 EXECUTIVE SUMMARY __________________________________________________________________________7 A. Introduction ____________________________________________________________________________________11B. Information and Methodology Used for Assessment _________________________________________11 INSTITUTIONAL AND MARKET STRUCTURE—OVERVIEW ___________________________________13 A. Institutional Structure_________________________________________________________________________13B. Overview of the Banking Sector_______________________________________________________________14 PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION __________________________________15 A. Sound and Sustainable Macroeconomic Policies______________________________________________15B. Framework for Financial Stability Policy Formulation__________________________________________15C. A Well-Developed Public Infrastructure _______________________________________________________16D. Framework for Crisis Management, Recovery, and Resolution ________________________________16E. Public Safety Net ______________________________________________________________________________17F. Effective Market Discipline ____________________________________________________________________17 MAIN FINDINGS________________________________________________________________________________18 A. Responsibilities, Objectives, Powers, Independence, Accountability (CPs 1-2)_________________18B. Licensing, Changes in Control, and Major Acquisitions (CPs 4-7)______________________________18C. Supervisory Approach, Tools and Reporting (CPs 8-10) _______________________________________19D. Corrective and Sanctioning Powers of Supervisors (CP 11)____________________________________20E. Cooperation, Consolidated and Cross-Border Banking Supervision (CPs 3, 12-13) ____________21F. Corporate Governance (CP 14)and Risk Management (CP 15) ________________________________21G. Capital Adequacy (CP 16) _____________________________________________________________________22H. Credit Risk and Problems Assets, Provisions and Reserves (CP 17–18) ________________________22I. Risks (CP 19–25) _______________________________________________________________________________23J. Auditing and Financial Reporting (CPs 26-27) _________________________________________________24K. Disclosure and Transparency (CP 28)__________________________________________________________25L. Abuse of Financial Services (CP 29)____________________________________________________________25 DETAILED ASSESSMENT _______________________________________________________________________26 A. Supervisory Powers, Responsibilities and Functions___________________________________________26B. Prudential Regulations and Requirements ___________________________________________________148 SUMMARY OF COMPLIANCE WITH THE BASEL CORE PRINCIPLES ________________________310 A. Recommended Actions ______________________________________________________________________319B. Authorities’ Response to the Assessment ____________________________________________________324 Glossary Anti-Money Laundering / Combating the Financing of Terrorism andFinancing of Proliferation of Weapons of Mass DestructionAsset Quality ReviewBasel Committee on Banking SupervisionLaw of the Republic of Uzbekistan "On Banks and Banking Activit