On June 10, 2022, Tashkent Financial Institute with Ural State University University (Russia), Polotsk State University (Belarus), Bayner University (Malaysia) held a scientific-practical conference on " Issues of banking and financial systems in globalization."







In addition to having a positive impact on the stability of the banking and financial system, globalization processes in the world economy reflect various risks,  instability of international financial markets, low level of diversification of foreign exchange reserves and foreign exchange operations and increasing popularity of banking services.








In this context, it is important to introduce special approaches to ensure the stability of the banking and financial system in our country, to transform the banking sector and reduce its share in it, to attract foreign capital to the banking system and to introduce modern methods of providing services by banks.





Based on the tasks set by the Decree of the President of the Republic of Uzbekistan dated May 12, 2020 PF-5992 "On the strategy of reforming the banking system of the Republic of Uzbekistan for 2020-2025", the existing problems and challenges in the banking system and ways to overcome them discussed in detail.

The directions of the conference are as follows:

• Versatility of risks in international and domestic banks in the context of economic globalization and the introduction of special approaches to their elimination;

• Ensuring financial stability and transparency of the banking system and financial market to attract capital from the international capital market;

• risk management in a competitive environment in foreign and domestic financial markets;
 

• Current issues of transforming the banking sector and reducing the state share;
 

• introduction of corporate governance standards, information technology products, asset and liability management, modern methods of customer communication in the country's banking system;
 

• Ways to reduce the level of dollarization of the national economy and its composition in the risk assets of banks;
 

• Issues such as the popularity of services in banks and financial markets and increasing the financial literacy of the population were discussed in detail.
 

The conference was attended by experts in the field of finance and banking, the Central Bank, ministries and departments, foreign guests, local scientists, professors, researchers and young scientists.
 

The conference resulted in the development of science-based proposals and recommendations to ensure the stability of the banking and financial system in the context of globalization.