Regulatory Alerts2025-06-23 | ЎРҚ-1070Added · Updated
Law of the Republic of Uzbekistan on Bank Resolution and Termination
The Law establishes the legal framework for the resolution and termination of banks in Uzbekistan, designating the Central Bank as the competent authority with independent decision-making powers. It defines key concepts such as resolution, special manager, and critical functions, and outlines principles including the bail-in of shareholders and the protection of depositors. The legislation mandates the preparation of resolution plans for systemically important banks and requires assessments of resolvability to identify and remove obstacles. It also regulates the valuation of assets and liabilities and the establishment of the Financial Stability Council for interagency coordination.
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