WAYS TO IMPROVE PRUDENTIAL REGULATION IN ENSURING THE FINANCIAL STABILITY OF THE BANKING SECTOR

Abstract

This study examines the current state of prudential regulation in ensuring the financial stability of the banking system of Uzbekistan, identifies existing deficiencies in the regulatory framework, and presents scientifically grounded recommendations for their elimination. Drawing on the CAMELS methodology, Basel III standards, and international best practices, the study delineates pathways for improving prudential supervision.

The research findings demonstrate that, while the banking system of Uzbekistan broadly conforms to international capital adequacy standards, further improvements are required in the areas of macroprudential supervision, stress-testing methodology, and the management of banking risks in the context of ongoing digitalization.