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Lights on the second conference of the Association of private banks in Iraq
17/12/2014
Association of private banks in Iraq held a conference second on 29-30 November 2014 under the private banks slogan to promote the economic performance of a strategic partner, and we must ranging from praise for their efforts to hold the conference in complex circumstances and on good organization that emerged by the Conference notes the absence of a number Quite a few of Iraqi banks as well as some branches of foreign banks must also say that the topics discussed by the Conference had been chosen carefully, hoping to enrich the discussions and presentations of the participants in order to pave the way out of the recommendations are consistent with the slogan that the conference was held Tanh.oma praised the organization and to choose the selection of topics and speakers but I regret to say that the recommendations that came out of the conference did not suffer as I see the slogan, but I will discuss recommendations are only recommendation (1) and recommendation (2): -
First: - recommends Recommendation No. (1) the representation of the Association of Banks in each of the Economic Affairs Committee in the House of Representatives and in the Council of the Central Bank also recommends the formation of a committee where the Finance Committee represented in the House of Representatives and the Finance Ministry and the Central Bank and the Association of private banks in Iraq, addressing all matters that concern Almusrfa.bdoua sector, the statement did not specify the proposed formula of representation in the Finance Committee or the Economic Committee and the Board of Directors of the Central Will be a membership or just attend whenever Alhajh.abdo me that what is meant is called acquisition and organic is not just a representation at a meeting called to him, but I did not Meetings I find an excuse and one for such membership in the bodies referred to did not find precedent not in an advanced state nor in a developing country, I did not find a justification for the formation of Almguetrahh.fazavih Committee Association of the Council of the Central Bank in conflict with law Members of the Board of Directors designated by Article (11) of law No. 56 for the year 2004 and are the governor and vice governor and three senior bank employees and three other people experienced monetary and banking affairs or legal, who have never employed by the central bank within one year from the date of nomination for membership as that paragraph (c) of Article (12) does not authorize gain membership in the Board of Directors who had the interests of the work directly or indirectly work Alpennek.ouhat that the head of the Association of Banks is Managing Director exclusively Does anyone else of the bank chosen by the General Authority for this position is not entitled to that person gain membership in the Council of the Iraqi Central Bank administration. The representation of the Association in any of the committees of Parliament and ordered the other is not possible as the membership come across a public ballot boxes absent condition in the proposed membership of the Association of Banks Altusih.ala that which is unable to represent the Association in the House of Representatives or in the Board of the Central Bank does not preclude without hosting the president of any Commissioner of the bank, who heads the Association Director or Vice President of the Association which is also the managing director of the bank, who was elected by the general body of the Association for vice president say does not preclude the hosting, if called for seeking the opinion of the Association in the order of things and I think that this is the maximum What should call him Alrabotth.ama Committee referred to in recommendation not find her need but oppose its formation due to the presence of the Committee on Banking Supervision list currently in the Central Bank, headed by the deputy governor and includes directors of the Central Bank and representatives from government banks and others from private banks as well as experts in law, banking and mission considering including referred to it by the various bank departments. The strategic partnership for Atstdei in my membership in the sites referred to as far as requiring a number of corrective policies taken by the State its various institutions, including the Central Bank on the one hand and require a second hand to evaluate the banks their performance to avoid failures that I got in the number of non-banks starting from the collapse of the pond bank before the events of 2003 and the collapse of the Bank of Basra a few years ago, and the scarcity of liquidity at banks Warka, the economy and Babylon, and therefore can not be delayed or exchange drawn instruments Aliha.valdolh its various institutions claim to reconsider its position on the private sector, including the private banks and the role hoped it in economic and financial conditions the critical current as a result of the continued deterioration in oil prices and a growing budget deficit as well as the current security challenges and the required financial resources, but I think that it's a chance now to put private banks and the private sector is on the line when facing the nation's crisis, such as those we live , and the state is also required to protect the banks from the excesses and the confirmation of the rule of law for the implementation of judicial decisions with respect to debt Almosrh having realized departments of banks that real estate collateral to meet the loans are no longer of value in light of the faltering and complexities facing the implementation of the judiciary proceedings to sell the property in the event of the failure of the loan or stumbling as well incidents of attacks on banks and property slogan «tribal required» Ikhth of wills on the property stands departments of banks idly against this attack and not from ashes nor imposes Aleghanon.ama central bank authority, he must revisit window dollar has Perhaps the first thing that must be do is to move the style pay Akiem imports to documentary credits not the style of bank transfers and the problems that give rise to the first of the chase bank managers and bring them to justice on charges of smuggling, the most serious of which money laundering charge and have already for us to let us into it more than once and at different levels and in non Manasph.oualemsarv for its part, claim to reconsider its policy and orientations and priorities and I do not call her to give up the goal of achieving a profit, but to the banking practice as defined by established to mediate between depositors and investors of credit and provide contracts for investment purposes does not focus on bank transfers to buy dollars from the central bank and turn it into outside Iraq, not only this but the need for compliance with the best banking practices Best practices known to the professionals leading to restore citizen trust and confidence in state institutions, banks own after known that trust failures suffered serious setbacks because of the non-professional policies of the leaders lacked banking experience imposed itself and has assumed departments of some banks mindlessly of time .
Second: - Recommendation No. (4) calls on the House of Representatives to reconsider paper banking sector reform but does not specify which aspects of paragraphs or see the need to be adjusted and is therefore unclear recommendation and do justice to the generalization.
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17/12/2014
Association of private banks in Iraq held a conference second on 29-30 November 2014 under the private banks slogan to promote the economic performance of a strategic partner, and we must ranging from praise for their efforts to hold the conference in complex circumstances and on good organization that emerged by the Conference notes the absence of a number Quite a few of Iraqi banks as well as some branches of foreign banks must also say that the topics discussed by the Conference had been chosen carefully, hoping to enrich the discussions and presentations of the participants in order to pave the way out of the recommendations are consistent with the slogan that the conference was held Tanh.oma praised the organization and to choose the selection of topics and speakers but I regret to say that the recommendations that came out of the conference did not suffer as I see the slogan, but I will discuss recommendations are only recommendation (1) and recommendation (2): -
First: - recommends Recommendation No. (1) the representation of the Association of Banks in each of the Economic Affairs Committee in the House of Representatives and in the Council of the Central Bank also recommends the formation of a committee where the Finance Committee represented in the House of Representatives and the Finance Ministry and the Central Bank and the Association of private banks in Iraq, addressing all matters that concern Almusrfa.bdoua sector, the statement did not specify the proposed formula of representation in the Finance Committee or the Economic Committee and the Board of Directors of the Central Will be a membership or just attend whenever Alhajh.abdo me that what is meant is called acquisition and organic is not just a representation at a meeting called to him, but I did not Meetings I find an excuse and one for such membership in the bodies referred to did not find precedent not in an advanced state nor in a developing country, I did not find a justification for the formation of Almguetrahh.fazavih Committee Association of the Council of the Central Bank in conflict with law Members of the Board of Directors designated by Article (11) of law No. 56 for the year 2004 and are the governor and vice governor and three senior bank employees and three other people experienced monetary and banking affairs or legal, who have never employed by the central bank within one year from the date of nomination for membership as that paragraph (c) of Article (12) does not authorize gain membership in the Board of Directors who had the interests of the work directly or indirectly work Alpennek.ouhat that the head of the Association of Banks is Managing Director exclusively Does anyone else of the bank chosen by the General Authority for this position is not entitled to that person gain membership in the Council of the Iraqi Central Bank administration. The representation of the Association in any of the committees of Parliament and ordered the other is not possible as the membership come across a public ballot boxes absent condition in the proposed membership of the Association of Banks Altusih.ala that which is unable to represent the Association in the House of Representatives or in the Board of the Central Bank does not preclude without hosting the president of any Commissioner of the bank, who heads the Association Director or Vice President of the Association which is also the managing director of the bank, who was elected by the general body of the Association for vice president say does not preclude the hosting, if called for seeking the opinion of the Association in the order of things and I think that this is the maximum What should call him Alrabotth.ama Committee referred to in recommendation not find her need but oppose its formation due to the presence of the Committee on Banking Supervision list currently in the Central Bank, headed by the deputy governor and includes directors of the Central Bank and representatives from government banks and others from private banks as well as experts in law, banking and mission considering including referred to it by the various bank departments. The strategic partnership for Atstdei in my membership in the sites referred to as far as requiring a number of corrective policies taken by the State its various institutions, including the Central Bank on the one hand and require a second hand to evaluate the banks their performance to avoid failures that I got in the number of non-banks starting from the collapse of the pond bank before the events of 2003 and the collapse of the Bank of Basra a few years ago, and the scarcity of liquidity at banks Warka, the economy and Babylon, and therefore can not be delayed or exchange drawn instruments Aliha.valdolh its various institutions claim to reconsider its position on the private sector, including the private banks and the role hoped it in economic and financial conditions the critical current as a result of the continued deterioration in oil prices and a growing budget deficit as well as the current security challenges and the required financial resources, but I think that it's a chance now to put private banks and the private sector is on the line when facing the nation's crisis, such as those we live , and the state is also required to protect the banks from the excesses and the confirmation of the rule of law for the implementation of judicial decisions with respect to debt Almosrh having realized departments of banks that real estate collateral to meet the loans are no longer of value in light of the faltering and complexities facing the implementation of the judiciary proceedings to sell the property in the event of the failure of the loan or stumbling as well incidents of attacks on banks and property slogan «tribal required» Ikhth of wills on the property stands departments of banks idly against this attack and not from ashes nor imposes Aleghanon.ama central bank authority, he must revisit window dollar has Perhaps the first thing that must be do is to move the style pay Akiem imports to documentary credits not the style of bank transfers and the problems that give rise to the first of the chase bank managers and bring them to justice on charges of smuggling, the most serious of which money laundering charge and have already for us to let us into it more than once and at different levels and in non Manasph.oualemsarv for its part, claim to reconsider its policy and orientations and priorities and I do not call her to give up the goal of achieving a profit, but to the banking practice as defined by established to mediate between depositors and investors of credit and provide contracts for investment purposes does not focus on bank transfers to buy dollars from the central bank and turn it into outside Iraq, not only this but the need for compliance with the best banking practices Best practices known to the professionals leading to restore citizen trust and confidence in state institutions, banks own after known that trust failures suffered serious setbacks because of the non-professional policies of the leaders lacked banking experience imposed itself and has assumed departments of some banks mindlessly of time .
Second: - Recommendation No. (4) calls on the House of Representatives to reconsider paper banking sector reform but does not specify which aspects of paragraphs or see the need to be adjusted and is therefore unclear recommendation and do justice to the generalization.
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