Application of International Standards (IFRS 9, Basel III) in Assessing the Quality of the Loan Portfolio: Experience and Prospects for Banks in Uzbekistan
Keywords:
The article examines the theoretical and practical aspects of applying international standards IFRS 9 and Basel III in assessing the quality of the loan portfolio. Special attention is paid to the shift from traditional loss accounting methods to the expected credit loss (ECL) model, as well as to the tightening of capital and liquidity requirements for banks in line with the Basel Accords. A review of foreign experience in implementing these standards is provided, along with the main problems of their adaptation in the banking system of Uzbekistan, including limited statistical data, staff shortages, and technological barriers. As a result of the research, directions for improving bank risk management are proposed: the development of scoring and stress-testing models, the use of digital solutions and Big Data, as well as strengthening the institutional and regulatory framework. The findings can be used both for academic purposes and in the practice of commercial banks when modernizing credit risk management systems.Abstract
The article examines the theoretical and practical aspects of applying international standards IFRS 9 and Basel III in assessing the quality of the loan portfolio. Special attention is paid to the shift from traditional loss accounting methods to the expected credit loss (ECL) model, as well as to the tightening of capital and liquidity requirements for banks in line with the Basel Accords. A review of foreign experience in implementing these standards is provided, along with the main problems of their adaptation in the banking system of Uzbekistan, including limited statistical data, staff shortages, and technological barriers. As a result of the research, directions for improving bank risk management are proposed: the development of scoring and stress-testing models, the use of digital solutions and Big Data, as well as strengthening the institutional and regulatory framework. The findings can be used both for academic purposes and in the practice of commercial banks when modernizing credit risk management systems.
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