The Central Bank of Uzbekistan hosted a forum focused on data management within the banking sector.

A forum focused on data management and the transition to a new model for regulatory reporting in the banking system was held in Tashkent. The event was organized by the Central Bank of the Republic of Uzbekistan in collaboration with the international consulting firm KPMG, and it featured participation from the country's leading commercial banks.

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enhancing the transparency of data collection processes;

reducing the administrative burden on supervised organizations;

improving the quality and reliability of provided information.

During the panel session, representatives from banks such as Biznesni Rivojlantirish Banki, O‘zsanoatqurilishbank, Xalq Bank, and Ipak yo’li Bank discussed the pressing issues faced by financial institutions when implementing new approaches to data management. Participants shared their experiences and proposed potential solutions to the existing challenges.

The Central Bank of Uzbekistan announced its intention to regularly hold meetings with supervised organizations to discuss matters related to the transition to a new data provision model. This will facilitate timely resolution of emerging difficulties and ensure effective implementation of changes.

The forum marked a significant step towards the digitalization of Uzbekistan's banking system and strengthening cooperation between the regulator and financial market participants.