With the support of the IMF, a meeting was held with an expert from the Central Bank of Switzerland on the results of a macro stress testing mission
Tashkent, Uzbekistan (UzDaily.com) -- The final discussions of the mission to conduct a macro stress test as part of the technical support of the International Monetary Fund were held at the Central Bank.
During the mission, banks’ resilience to various shocks was assessed, the current system of stress testing of credit, market and other risks was studied.
Models of credit, interest and interest-free risks 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 implementation of stress testing, and in the future the parties agreed to continue cooperation.