The article notes that in connection with the crisis in the global economy, the problem of creating an effective system of market risk management in commercial banks has become even more urgent. The increase in the volume of transactions associated with market risks, as well as the complication of financial instruments, have led to an increase in the importance of these problems in Uzbekistan. The article explores the theoretical foundations of the analysis of market risks of commercial banks, their essence and content. Methods for assessing market risks are considered on the example of a specific commercial bank. It is concluded that banks need to develop a culture of risk management, which should be incorporated into all banking operations and policies, taking into account International practice.