The role of monitoring bank risks in ensuring the stability of the Uzbekistan banking system

The article considers the role of banking risks in the banking system of the Republic of Uzbekistan. Practical work realized in our country to minimize and monitor Bank risks is highlighted. It also analyzes the current efforts to develop the banking sector carried out by the Government and the Central Bank of the Republic of Uzbekistan. Comprehensive monitoring of the banking system is based on a systematic approach, which provides for the analysis of the activities of commercial banks as an extensive unified system, which consists of individual elements linked by interrelated and interdependent relationships. This system is a set of subsystems, which are individual commercial banks. Improving the effectiveness of supervision of the banking system brings to the fore the task of finding new methods for determining the reliability of credit institutions. At the same time, the Supervisory authorities need to have an idea not only about the current financial position of the bank, but also about the likelihood of its sustainable preservation in the future. Thus, monitoring of bank risks is important for both practice and theory, as it allows not only to quickly obtain current information about risks, but also to identify market trends and patterns, as well as to conclude the prospects for the development of the banking sector.