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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central Bank: Compliance and governance are important in bank management

    Rocky
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    • Post n°1

    bank - Central Bank: Compliance and governance are important in bank management Empty Central Bank: Compliance and governance are important in bank management

    Post by Rocky Wed Feb 21, 2024 6:08 am

    [size=36]Central Bank: Compliance and governance are important in bank management[/size]

    Economy | 09:48 - 02/21/2024

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    Mawazine News - Baghdad
    The Central Bank of Iraq recognized the importance of compliance and governance elements in bank management in general, while the General Council of Islamic Banks and Financial Institutions expected greater growth for banks in the coming years.
    In a statement reported by Al-Sabah newspaper, seen by Mawazine News, Deputy Governor of the Central Bank, Ammar Hamad Khalaf, stressed the importance of the issues of compliance and government, pointing out that relying on them leads to good management of financial institutions and they are elements of their success. He added that the banks have launched a governance guide that focuses on the issue of bank leaders and employees, choosing the best, and providing full support and training courses for the human resources of banks, especially Islamic ones, pointing out that the compliance element is important for the performance of banks, and the higher it is, the greater the risk is guaranteed to be reduced and the financial institutions to be sound. He pointed out that the Central Bank works on these two important terms and pays great attention to them to ensure the safety and development of financial institutions, especially Islamic ones. For his part, the Secretary-General of the General Council of Islamic Banks and Financial Institutions, Abdelilah Belatiq, pointed out in an interview with “Al-Sabah” that governance and compliance are the basis of good management of institutions in general, in addition to that they add great importance to banks, because their mission, including Islamic ones, is the fuel. The engine of the economy, noting that they develop important ideas for risk management because they work on public deposits and financing the economy, and their importance lies in the economy and financial stability.
    He explained that these two elements help mitigate risks and help in greater financial stability, stressing that Iraq, through discussions with the Central Bank, has shown its great interest in the terms governance and compliance and theoretical mechanisms and their application on the ground in banks and the qualification of staff with the aim of helping them exploit the opportunities presented by these challenges. 
    Belatiq added that the annual surveys on the challenges facing Islamic banks, which the Council evaluates, showed that they have opportunities for greater growth, so an appropriate infrastructure must be created for their growth and mechanisms must be created to manage liquidity, legal challenges, governance, and compliance, calling for the establishment of a legal framework, technical environment, and infrastructure to help banks finance the economy. Real and promoting sustainable development in the country.
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    Rocky
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    • Post n°2

    bank - Central Bank: Compliance and governance are important in bank management Empty https://alsabaah.iq/92174-.htmlCentral Bank: Compliance and governance are important in bank managem

    Post by Rocky Wed Feb 21, 2024 6:40 am

    [You must be registered and logged in to see this link.] Bank: Compliance and governance are important in bank management


    Iraq  02/21/2024
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     Baghdad: Rula Watheq

    The Central Bank of Iraq recognized the importance of compliance and governance elements in bank management in general, while the General Council of Islamic Banks and Financial Institutions expected greater growth for banks in the coming years.
    The Deputy Governor of the Central Bank, Dr. Ammar Hamad Khalaf, stressed to Al-Sabah, on the sidelines of the workshop held by the General Council of Banks in cooperation with the Center for Banking Studies and the Department of International Organizations and External Relations at the bank, the importance of the topics of compliance and government, indicating that relying on them leads to... Good management of financial institutions is one of the elements of their success. He added that the banks have launched a governance guide that focuses on the issue of bank leaders and employees, choosing the best, and providing full support and training courses for the human resources of banks, especially Islamic ones, pointing out that the compliance element is important for the performance of banks, and the higher it is, the greater the risk is guaranteed to be reduced and the financial institutions to be sound. He pointed out that the Central Bank works on these two important terms and pays great attention to them to ensure the safety and development of financial institutions, especially Islamic ones. For his part, the Secretary-General of the General Council of Islamic Banks and Financial Institutions, Abdelilah Belatiq, pointed out in an interview with “Al-Sabah” that governance and compliance are the basis of good management of institutions in general, in addition to that they add great importance to banks, because their mission, including Islamic ones, is the fuel. The engine of the economy, noting that they develop important ideas for risk management because they work on public deposits and financing the economy, and their importance lies in the economy and financial stability. He explained that these two elements help mitigate risks and help in greater financial stability, stressing that Iraq, through discussions with the Central Bank, has shown its great interest in the terms governance and compliance and theoretical mechanisms and their application on the ground in banks and the qualification of staff with the aim of helping them exploit the opportunities presented by these challenges. Belatiq added that the annual surveys on the challenges facing Islamic banks, which the Council evaluates, showed that they have opportunities for greater growth, so an appropriate infrastructure must be created for their growth and mechanisms must be created to manage liquidity, legal challenges, governance, and compliance, calling for the establishment of a legal framework, technical environment, and infrastructure to help banks finance the economy. Real and promoting sustainable development in the country.

    Edited by: Adhraa Juma
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