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Bankers Association of the civil law calls for sober organizes its work
Date: Monday 02/27/2012 19:43
Citizen - Follow-up
The head of the Association of private banks Abdul Aziz Hassoun to the need for a new banking law legislation regulating the work of private banks in Iraq. He said Hassoun's (newsletter) that the law of the current Iraqi banks no longer meets the need of banks, it was noted that through the application of the existence of a part of the paragraphs in need of modifications or additions, which led to the reluctance of some private banks in their work. He Hassoun to the existence of differences in some paragraphs of the current law by private banks, which confused the work and make it a regular in their work, in addition to the Islamic banks are still operating without a legal code of its own and this is what makes a mess in the banking business in Iraq.
He called for legislation or amend the paragraphs of the Banking Act in order to organize the work of Iraqi banks, public and private service for the Iraqi state and its people. As stressed by the Economic Commission for MP / coalition in Iraq / Qusay Gomaa need for new legislation supports the Iraqi banks two branches of government and private sectors for their contribution to the investment process and the reconstruction of the country.
Gomaa said in an earlier statement that the banking system in Iraq is too late for the modern and sophisticated systems in the world, Iraqi banks now are more like a banking offices, and does not have an active and vital role in the investment operations of the country, whether on credit or direct payment.
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Date: Monday 02/27/2012 19:43
Citizen - Follow-up
The head of the Association of private banks Abdul Aziz Hassoun to the need for a new banking law legislation regulating the work of private banks in Iraq. He said Hassoun's (newsletter) that the law of the current Iraqi banks no longer meets the need of banks, it was noted that through the application of the existence of a part of the paragraphs in need of modifications or additions, which led to the reluctance of some private banks in their work. He Hassoun to the existence of differences in some paragraphs of the current law by private banks, which confused the work and make it a regular in their work, in addition to the Islamic banks are still operating without a legal code of its own and this is what makes a mess in the banking business in Iraq.
He called for legislation or amend the paragraphs of the Banking Act in order to organize the work of Iraqi banks, public and private service for the Iraqi state and its people. As stressed by the Economic Commission for MP / coalition in Iraq / Qusay Gomaa need for new legislation supports the Iraqi banks two branches of government and private sectors for their contribution to the investment process and the reconstruction of the country.
Gomaa said in an earlier statement that the banking system in Iraq is too late for the modern and sophisticated systems in the world, Iraqi banks now are more like a banking offices, and does not have an active and vital role in the investment operations of the country, whether on credit or direct payment.
[You must be registered and logged in to see this link.]
