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No. 10 (2025)
Marketing

Articles

DIGITAL TRANSFORMATION OF BANK ASSET MANAGEMENT: LESSONS FROM THE EU DIGITAL FINANCE STRATEGY FOR UZBEKISTAN (JEAN MONNET MODULE)

Published 2025-10-31

Authors
Shirinova Shokhsanam
Affiliation
Tashkent State University of Economics Department of International Finance
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Abstract

The acceleration of digital transformation across the European Union has reshaped traditional models of bank asset management and the broader landscape of financial intermediation. The EU Digital Finance Strategy (2020 –2024) establishes a unified framework that promotes innovation, competition, and financial stability within an integrated digital single market. This paper explores how the guiding principles and institutional mechanisms of the EU strategy can inform the modernization of bank asset management in Uzbekistan. Drawing on comparative policy analysis and conceptual interpretation, the study identifies opportunities to enhance asset transparency, efficiency, and sustainability through the adoption of European approaches. The research highlights that aligning Uzbekistan’s financial modernization agenda with EU best practices —such as open finance systems, standardized digital identification, and regulatory innovation —can strengthen the country’s financial resilience and improve long-term competitivenes s of its banking sector.

Keywords

digital finance, EU Digital Finance Strategy, bank asset management, open finance, Uzbekistan, financial innovation, regulatory frameworks

References

  1. European Commission. (2020). EU Digital Finance Strategy for the EU Financial Sector. Brussels.
  2. Casu, B., Girardone, C., & Molyneux, P. (2023). Introduction to Banking. Palgrave Macmillan.
  3. Subramanyam, K. R. (2022). Financial Statement Analysis. McGraw -Hill Education.
  4. Gibson, C. H. (2020). Financial Reporting and Analysis. South -Western Cengage Learning.
  5. European Banking Authority (EBA). (2022). Digital Finance and Risk -Based Supervision in the EU. Paris.
  6. European Central Bank (ECB). (2023). Financial Stability Review: Digital Transformation Chapter. Frankfurt am Main.
  7. OECD. (2021). Digital Finance and Productivity Growth. Paris.
  8. IMF. (2023). Digital Transformation and Financial Stability in Emerging Markets. Washington, D.C.
  9. Islamic Development Bank (IsDB). (2024). Digital Finance for Resilient Economies. Jeddah.
  10. Deloitte. (2022). Global Banking Outlook: Digital Acceleration. London.

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