Abstract
Asset securitization practices are almost non-existent in the activities of financial institutions of Uzbekistan. The article explores theoretical and practical approaches to asset securitization. It analyzes asset securitization of Europe and Japan using comparative evaluation, scientific abstraction and systematic review methods. The problem areas were studied and conclusions made on them. Several solutions have been proposed to introduce asset securitization processes in Uzbekistan.
Highlights
The securitization of commercial banks' assets is one of the most promising and actively developing mechanisms of the financial market
The absence of securitization practice in commercial banks of the country necessitates the creation of the following preconditions, such as: Formation of liquid debt obligations, which serve as the basis for the securities circulation; establishment and provision of uninterrupted operation of the number of specialized financial institutions; creation of an active stock market, etc
The formation of "asset securitization" as an economic term began with the "street rumors" by Anna Monroe (Wall Street Journal (1977))
Summary
The securitization of commercial banks' assets is one of the most promising and actively developing mechanisms of the financial market. Limited resources for attracting investments into the economy of our country, in turn, make it necessary for commercial banks to choose the most effective investment activities. At this moment, the absence of securitization practice in commercial banks of the country necessitates the creation of the following preconditions, such as: Formation of liquid debt obligations, which serve as the basis for the securities circulation; establishment and provision of uninterrupted operation of the number of specialized financial institutions; creation of an active stock market, etc.
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