Establishment of a bank to finance the projects highlighted the decisions of Banking Conference

Establishment of a bank to finance the projects highlighted the decisions of Banking Conference


10/22/2013 12:00 AM

BAGHDAD - Hussein ثغب of Tamimi
Concluded stakeholders banking to the need for the establishment of the Bank for Development to finance major projects and the expansion of the modes of financing long-term through the contribution of private banks and government in addition to the establishment of a training center dedicated to creating cadres according to the latest styles universally adopted and her husband in the sessions of international financial institutions in order to develop skills. Recommendations made by the Conference of the Iraqi banking first who organized the end of last September included a charter professional between the government and private banks under the supervision of the Central Bank of Iraq and the formation of a coordination committee a permanent follow-up flow of transactions among the parties of the banking system, and strengthen cooperation among them, as well as the call to activate the Financial Services Tribunal to consider arises from issues, said Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun that the recommendations also included a program to develop the system of risk management by banks under the supervision and control of the Iraqi Central Bank rather than just the acquisition of software banking, and the development of a framework for the governance of banks and their mechanisms and internal controls and the development of systems of control and audit Internal and Sharia.
He said in a statement (morning) Conference recommended activating the procedures for coordination between fiscal and monetary authorities and other relevant authorities through a joint committee in order to develop new mechanisms and policies to support and develop the private banking sector.
And between the Goldfinch delayed recommendations tended towards the establishment of a training center dedicated to creating cadres banking according to the latest methods adopted in banks in the world and expanding access to training opportunities from banks and financial institutions of Foreign Affairs. Was the Association of private banks in Iraq had organized a conference of the Iraqi banking first under the patronage of the Prime Minister Mr. Nuri Kamal al-Maliki and under the banner of the Iraqi banking sector realities and challenges. And turns the Prime Minister, Secretary General of the Council of Ministers, Dr. Ali Keywords in the care of the conference, which was attended by Deputy Governor of the Central Bank of Iraq Zuhair Ali Akbar on behalf of the Governor in addition to the representative of the Union of Arab Banks and representative of the Association of Banks in Lebanon, in addition to a large group of guests and bankers and a number of academics from universities Iraqi conference discussed in four sessions over the daily held topics presented by researchers at the four Mahoralawl the Iraqi banking sector realities and challenges, banks and their role in development, as well as the banking sector and international relations, and the conclusion was with the strategy of the banking sector.

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