ICBC Standard Bank, Franklin Templeton Keen To Better Uzbekistan's State Securities Market
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, September 7. Chinese ICBC
Standard bank and Franklin Templeton Company have shown a keen
interest in the growth and progress of the state securities market
in Uzbekistan, Trend reports.
The news came hot on the heels of a powwow between the Central
Bank of Uzbekistan, ICBC Standard Bank, and Franklin Templeton
Company.
During the meeting, the sides went over the big picture of the
macroeconomic situation and economic reforms in Uzbekistan,
discussed the ins and outs of monetary policy and measures taken to
develop the capital market, and also touched on recent changes in
the banking and financial system.
In addition, the foreign experts showed a keen interest in
government securities and put forward suggestions on boosting the
secondary trade volumes, drawing from their international
experience.
Following the meeting, the parties decided to keep the ball
rolling and keep the lines of communication open in order to pave
the way for enhancing the government securities market
infrastructure down the road.
To recall, the CBU and ICBC Standard Bank began working together
in 2023 when the Chinese international bank indicated interest in
entering the Uzbek financial industry. The Central Bank of
Uzbekistan and ICBC Standard executives met in London to discuss
upgrading the country's financial infrastructure, notably
government securities and international regulatory frameworks.
Franklin Templeton has been in cahoots with the CBU since 2022,
bringing their A-game when it comes to capital market reforms.
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