Home
Private banks calls for the central bank to engage in economic and financial decision-making
~ Baghdad / My Day
29/11/2014
Called on the Association of private banks in Iraq, the Iraqi Central Bank to involve the private sector with the public sector in decision-making and opinion in the economic and financial matters through the formation of the Association of Economic Affairs in the House of Representatives. The head of the Association of Wadih Nuri al-Handal in a speech at the second special Bankers Association conference in Iraq, which was held under the patronage of Prime Minister Haider al-Abadi Central Bank, said, "This conference calls to highlight and overcome the obstacles that stand in the way of the growth of the economic process, especially private banks, which is the column spine of Iraq, and those constraints, including with regard to the internal environment for banks which need to be improved to some joints old Kalmcunninh and development of human resources, including what is the responsibility of the public sector and regulatory. "He added," The Association calls through its conference to promote trust between private banks and government sector by opening accounts with private banks and accept letters of guarantee issued by it and charged with the management of salaries and accept certified them instruments without specifying the ceilings and study the possibility of receiving those government taxes and fees banks and restricted accounts of the concerned authorities to have. "He continued:" We also call on the central bank, a sponsor and supervisor and now, to reconsider the mechanism used and approved to open branch in order to make it more accessible, and activating the role of financial Court to reconsider the final instructions for increasing the reserve ratio, and activating the role of the financial court within the central bank ", stressing Handal, that" the legislative side has an important role, and there are a number of laws that need to approve such deposit guarantee law and to ensure that loans and there are some laws such as banks and 94 for the year 2004, specifically Article 28 ". He said," The Association is working to document the financing and cost reduction after pumping and small businesses, and call for the government banks and the Central Bank of Iraq cooperation, with the Association of private banks to provide this funding reasonable and responsible for Vibrio including significantly contribute to the improvement of the living situation of poor layer and the elimination of unemployment. "He pointed out that" the association is working on the idea of the establishment of the investment fund and the contribution of government banks in which to finance large projects and the support of the public sector, and take from the experience major countries to develop the construction of housing units ".osttrd:" exposed banks since its inception to a lot of challenges, the latest exposure of those banks in the hot areas of heavy losses to the terrorist acts which requires a serious look into the mechanism and compensate those banks and the fate of credit portfolios in those banks, while continuing process lending and encourage banks to sustainability and the fight against unemployment and the paragraph that is the basis of terrorism operations ", stressing Handal," The Association calls for the involvement of the private banking sector in decision-making and to express an opinion on economic and financial matters by proposing representation in the Committee on Economic Affairs Committee of the House of Representatives and the Board of Directors Central Bank not inconsistent with the applicable laws and regulations, also suggests the formation of a joint committee comprising representatives from each of the Iraqi Central Bank and the Ministry of Finance and the Finance Committee in the House of Representatives and the Association meet regularly on a monthly basis and addressing all matters that concern the Iraqi banks. "
[You must be registered and logged in to see this link.]
~ Baghdad / My Day
29/11/2014
Called on the Association of private banks in Iraq, the Iraqi Central Bank to involve the private sector with the public sector in decision-making and opinion in the economic and financial matters through the formation of the Association of Economic Affairs in the House of Representatives. The head of the Association of Wadih Nuri al-Handal in a speech at the second special Bankers Association conference in Iraq, which was held under the patronage of Prime Minister Haider al-Abadi Central Bank, said, "This conference calls to highlight and overcome the obstacles that stand in the way of the growth of the economic process, especially private banks, which is the column spine of Iraq, and those constraints, including with regard to the internal environment for banks which need to be improved to some joints old Kalmcunninh and development of human resources, including what is the responsibility of the public sector and regulatory. "He added," The Association calls through its conference to promote trust between private banks and government sector by opening accounts with private banks and accept letters of guarantee issued by it and charged with the management of salaries and accept certified them instruments without specifying the ceilings and study the possibility of receiving those government taxes and fees banks and restricted accounts of the concerned authorities to have. "He continued:" We also call on the central bank, a sponsor and supervisor and now, to reconsider the mechanism used and approved to open branch in order to make it more accessible, and activating the role of financial Court to reconsider the final instructions for increasing the reserve ratio, and activating the role of the financial court within the central bank ", stressing Handal, that" the legislative side has an important role, and there are a number of laws that need to approve such deposit guarantee law and to ensure that loans and there are some laws such as banks and 94 for the year 2004, specifically Article 28 ". He said," The Association is working to document the financing and cost reduction after pumping and small businesses, and call for the government banks and the Central Bank of Iraq cooperation, with the Association of private banks to provide this funding reasonable and responsible for Vibrio including significantly contribute to the improvement of the living situation of poor layer and the elimination of unemployment. "He pointed out that" the association is working on the idea of the establishment of the investment fund and the contribution of government banks in which to finance large projects and the support of the public sector, and take from the experience major countries to develop the construction of housing units ".osttrd:" exposed banks since its inception to a lot of challenges, the latest exposure of those banks in the hot areas of heavy losses to the terrorist acts which requires a serious look into the mechanism and compensate those banks and the fate of credit portfolios in those banks, while continuing process lending and encourage banks to sustainability and the fight against unemployment and the paragraph that is the basis of terrorism operations ", stressing Handal," The Association calls for the involvement of the private banking sector in decision-making and to express an opinion on economic and financial matters by proposing representation in the Committee on Economic Affairs Committee of the House of Representatives and the Board of Directors Central Bank not inconsistent with the applicable laws and regulations, also suggests the formation of a joint committee comprising representatives from each of the Iraqi Central Bank and the Ministry of Finance and the Finance Committee in the House of Representatives and the Association meet regularly on a monthly basis and addressing all matters that concern the Iraqi banks. "
[You must be registered and logged in to see this link.]
