THE IMPROVEMENT OF THE MACROPRUDENTIAL POLICY FRAMEWORK OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

It is known that in practice, some commercial banks tend to operate risk-based in order to get more profits. Of course, this can not only affect the national economy but also harm it. According to statistics from the International Monetary Fund (IMF) in December 2021, almost 95% of the assets of the financial system in the country are accounted for by banks, which means that the banking system is very important in implementing macroprudential policy. Nowadays, not only the banking system, but also the entire financial system is growing rapidly. As a result, these changes require the Central Bank of Uzbekistan to improve its macroprudential policy framework in a timely manner.

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