With the support of the IMF, a meeting was held with an expert of the Swiss Central Bank on the results of the macro stress testing mission

    International cooperation 4 September 2023 1710

    The Central Bank of the Republic of Uzbekistan held the final discussions of the mission to conduct a macro stress test as part of the technical support of the International Monetary Fund.

    During the mission, banks' resilience to various shocks was assessed, the current system of stress testing of credit, market and other risks was studied.

    Credit, interest-bearing and interest-free risk models have also been developed, based on research by the Swiss Central Bank and other best practices.

    The recommendations presented by the international expert at the meeting were noted as important for risk management and the introduction of stress testing, and in the future the parties agreed to continue cooperation.