Tashkent, Uzbekistan (UzDaily.com) -- On 16-17 May, a representative of the Central Bank of the Republic of Uzbekistan, together with representatives of the Central Securities Depository and the Currency Exchange of the Republic of Uzbekistan, took part in the 18th Clearstream summit for the countries of Central, Eastern Europe and the CIS.

This international event, held by the Clearstream International Central Depository in Budapest (Hungary), brought together the largest foreign banks, central depositories of foreign countries and leading specialists from financial institutions.

The summit program included a discussion of current topics in the global financial market, such as the role of artificial intelligence in the financial sector, innovative solutions in the field of data processing and current trends in the digitalization of post-trade processes (clearing and settlement).

As part of the summit, a representative of the Central Bank of Uzbekistan met with Clearstream CEO Samuel Riley and Clearstream Regional Director for Central Asia Isa Ribeiro. 

The meeting discussed changes in the banking and financial system of Uzbekistan, including monetary policy, inflation targeting and the capital market. The prospects for Clearstream International Depository entering the capital market of Uzbekistan and opening correspondent accounts with the Central Bank for cash and securities in the Central Depository were also discussed.

In addition, representatives of the Uzbek delegation held a meeting with representatives of OTP Bank (Hungary), at which the established requirements and opportunities in the capital market of Uzbekistan, as well as the prospects for OTP Bank’s participation in this market were discussed.