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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


3 posters

    Strategic stability in the financial system and banking reform

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 268963
    Join date : 2012-12-21
    • Post n°1

    Strategic stability in the financial system and banking reform Empty Strategic stability in the financial system and banking reform

    Post by Rocky Mon 11 Jul 2016, 6:05 am

    [You must be registered and logged in to see this link.]




    2016/07/11 | 13:40

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Samir Abbas Alnasiri expert economist member of the Advisory Board of the Forum for Baghdad economic CBI launched its strategy for the years 2016 to 2020 in conjunction with the calls for fundamental and comprehensive change issued by the Prime Minister and the House ofRepresentatives and the political blocs to form a new government of technocrats I disagree everyone views different from the specifications and competencies minister Almarjoyen of view. what concerns us Kmokhtchin economic affairs and banking is what new mechanisms and policies that could be adopted by the central bank andgovernment and private banks and relevant authorities with regard to the banking reform , according to a method fundamental change desired for the Iraqi economy in the next phase, which constitute the banking sector first episode and basic in it. The central bank 's strategy has identified and painted the way for reform of the banking accordance with the following main objectives: ( 1 ) support and achieve financial stability. 2. activate the role offinancial institutions and the banking sector. 3. The organizational structure and the organizational structure development. 4. develop human capital. 5. activation and integration of internal and external relationships. Since these strategic goals has been to identify the time period their applications to five years to achieve the 23 sub -goal is derived based on the achievement of financial stability and the stability of the financial system and uncles financial inclusion and access to institutional reform and structural the banking sector in Iraq. but through mechanisms and action points analysis to achieve the above objectives note that the strategy has set clear priorities to achieve reform and certainly that these Protozoa been diagnosed in light of the challenges faced by the banking sector due to the severe economic and financial crisis that has plagued Iraq currently own reasons and objectivity displayed but no need to be restated. where it can be diagnosed with the priorities of the suffering of the banking sector, which requires the Central Bank of Iraq and the relevant government agencies to draw and to develop mechanisms and procedures addressed during the year 2016 and not to wait for five years to come , which are as follows: 1. re citizens and customers in the banking sector confidence Iraqi and particularly private banks. 2. work to increase the proportion of savings in the banks to the proportion of compactness outside banks reaching saving 23 ratio and compactness 77. 3. completion of the structural and technical foundations controlled proactive. 4. establishment of institutions and the issuance of deposit guarantee rules and credits. 5 review and evaluate theresults of the banks and reclassified by accredited international companies. identify weak banks that need theintervention of the Central Bank of Iraq to restore its activity and bankruptcy protection. 6. assist and support thebanks , which have been hurt in the provinces income Daash. 7. addressing sell the currency window and try to find alternatives instead entirely and leave. 8. strengthen the central bank 's initiatives in the financing of small and medium enterprises and contribute to the revitalization of the economic cycle and the diversification of the general budget for 2016 resources. therefore , for the purpose of making a fundamental change to the method of thebanking reform as stated strategy in accordance with the insight into the priorities and challenges suffered by the Iraqi banking sector suggest the implementation and application of the following insights: first, the central bank tostudy and analyze the reality of the government and private banks by reviewing, evaluating and rating these banks based on their financial statements and the results of its operations for 2015 and the adoption of an evaluation indicators and clear and based to force banks and standards Act international. Camels that and assigning a specialized team in financial analysis and Thdedmaeijer efficient performance of the banks in all areas of banking administrative and banking and credit work and prefers that this team is international independent and impartial ,keeping in mind the results of the US assessment for the years the system in 2013 and 2014. Secondly , the Central Bank of Iraq full control and supervision of the banking movement in Iraq by focusing on the electronic pre -emptive censorship office and field and a programmer and outline and identify irregularities and lapses and excesses of the executive management of bank and take corrective measures. Thirdly - the application of theCouncil of the Iraqi Central Bank Directors ' decision on controls the nomination of board members and staff leaders in banks and focus on professional competence and functional integrity and personal reputation and commercial expertise specialist. Fourth - restructuring of State - owned banks and work to be privatized in accordance with the memorandum signed with the World Bank with a focus on its contribution with some discreet banks in the private banking sector , and by no more than 25 that these banks managed mentality economy market and subject to the supervision of the audit Court and take thoughtful of the founding of the Bank for development and investment steps involved capitalizing the state by no more than 25 and is managed by the private banking sector and the state will undertake the guidance and supervision of the accounts to monitor and audit BSA subject.Fifth: - the Central Bank of Iraq to return reconsider its policy for control of monetary policy, specifically its mechanisms and tools related to maintaining the Iraqi dinar exchange rate against foreign currencies and this requires the study of the subject of an auction and sell the currency and the bank to secure the Iraqi dinar to theMinistry of Finance and the possibility of financial role and dealing in foreign currency do .oatba style ofdocumentary credits instead of money orders Foreign currently approved in order to preserve the integrity of theforeign exchange. Sixth: the central bank to form an advisory committee in conjunction with the Association ofbanks, experts and advisers economists and bankers from the private sector provides advice and expertise to theboard of Directors of the Bank and their circles competent and before important decisions on monetary policy industry and its impact on the economic situation in implementation the recommendations of the third Iraqi banking conference held at the end of 2015.

    [You must be registered and logged in to see this link.]
    • Back to top
    lonelyintexas
    lonelyintexas
    lonelyintexas
    Interacting Investor
    Interacting Investor


    Posts : 4285
    Join date : 2012-12-19
    Location : San Antonio
    • Post n°2

    Strategic stability in the financial system and banking reform Empty Re: Strategic stability in the financial system and banking reform

    Post by lonelyintexas Wed 13 Jul 2016, 1:48 pm

    [size=32]Strategic stability in the financial system and banking reform[/size]


    Samir Abbas Alnasiri 
    Economist
    Member of the Forum of Baghdad Economic Advisory Council
    CBI launched its strategy for the years 2016-2020 in conjunction with calls for fundamental and comprehensive change issued by the Prime Minister and the House of Representatives and the political blocs to form a new government of technocrats disagree everyone views different from the specifications and competencies minister Almarjoyen view. What concerns us Kmokhtchin economic affairs and banking is what new mechanisms and policies that could be adopted by the central bank and government and private banks and relevant authorities with regard to the banking reform, according to a method fundamental change desired for the Iraqi economy in the next phase, which constitutes the banking sector and the first core in which the ring.
    The central bank's strategy has identified and painted the way for reform of the banking and according to the following key objectives:
    1. support and achieve financial stability.
    2. activating the role of financial institutions and the banking sector.
    3. The development of the organizational structure and the organizational structure.
    4. developing human capital.
    5. activation and integration of internal and external relationships.

    Since these strategic goals has been to identify the time period their applications to five years to achieve the target of 23 sub-derived which is based on the achievement of financial stability and the stability of the financial system and uncles financial inclusion and access to the institutional and structural reform of the banking sector in Iraq. But through the mechanics of analysis and action points to achieve the above objectives we note that the strategy has set clear priorities to achieve reform and certainly that these Protozoa been diagnosed in light of the challenges faced by the banking sector due to the severe economic and financial crisis that has plagued Iraq currently own reasons and objectivity displayed and no need of re mentioned.
    Where it can be diagnosed with the priorities of the suffering of the banking sector, which requires the Central Bank of Iraq and the relevant government agencies to draw and to develop mechanisms and procedures addressed during the year 2016 and not to wait for five years to come, which are as follows:
     
    1. Re citizens and customers in the banking sector in particular and the Iraqi private banks' confidence.
    2. Work to increase the proportion of savings banks in proportion to the compactness outside banks reaching 23% savings ratio and compactness 77%.
    3. Completion of the structural and technical underpinnings of pre-emptive censorship.
    4. establishment of institutions and the issuance of guarantee deposits and credit laws.
    5. Review and evaluate the results of the banks and re-classified as certified by international companies. And to identify weak banks that need the intervention of the Central Bank of Iraq to restore its activity and bankruptcy protection.
    6. assist and support the banks, which have been hurt in the provinces income Daash.
    7. address the currency sale and try to find alternatives window instead entirely and leave.
    8. strengthen the central bank in the financing of small and medium-sized projects and initiatives which contribute to the revitalization of the economic cycle and the diversification of the general budget for 2016 resources.
    Therefore, for the purpose of making a fundamental change to the method of the banking reform as stated strategy in accordance with the insight into the priorities and challenges facing the Iraqi banking sector suggest the implementation and application of these visions and ideas:
     
    First, the central bank to study and analyze the reality of the government and private banks by reviewing, evaluating and rating these banks based on their financial statements and the results of its operations for 2015 and the adoption of an evaluation indicators and clear and based to force banks and international law and standards.
    Camels
     
    And assigning a specialized team in financial analysis and Thdedmaeijer efficient performance of the banks in all areas of banking administrative and banking and credit work and prefers that this team is international independent and impartial, keeping in mind the results of the US evaluation system for the years 2013 and 2014.
    Second: The Central Bank of Iraq full control and supervision of the banking movement in Iraq by focusing on the electronic pre-emptive censorship office and field and a programmer and outline and identify irregularities and lapses and excesses of the executive management of bank and take corrective measures.
    Third - the application of the Council of the Iraqi Central Bank decision on the administration controls the nomination of board members and staff leaders in the banking and focus on professional competence and functional integrity and reputation of personal, commercial and specialist expertise.
    Fourth - restructuring of State-owned banks and work to be privatized in accordance with the memorandum signed with the World Bank with a focus on its contribution with some discreet banks in the private banking sector, and by no more than 25% on these banks managed the mentality of the market economy and is regulated by the Office of control and decision-studied to establish a development bank steps the investment involved capitalizing the state by no more than about 25%, and is managed by the private banking sector and the state will undertake the guidance and supervision of the accounts to monitor and audit BSA subject.
     
    Fifth: - The Central Bank of Iraq to reconsider its policy for control of monetary policy, specifically its mechanisms and tools related to maintaining the Iraqi dinar exchange rate against foreign currencies and this requires the study of the subject of an auction and sell the currency and the bank to secure the Iraqi dinar to the Ministry of Finance and the possibility of financial role and dealing in foreign currency do .oatba style of documentary credits instead of foreign remittances currently approved in order to preserve the integrity of the foreign exchange.
    Sixth: the central bank to form an advisory committee in conjunction with the Association of Banks, experts and advisers economists and bankers from the private sector provides advice and expertise to the Board of Directors of the Bank and their Circles competent and before important decisions on monetary policy industry and its impact on the economic situation in implementation of the recommendations of the Third Iraqi banking conference held at the end of 2015 .


    [You must be registered and logged in to see this link.]



    • Back to top
    jedi17
    jedi17
    jedi17
    Moderator
    Moderator


    Posts : 10738
    Join date : 2013-02-20
    • Post n°3

    Strategic stability in the financial system and banking reform Empty Re: Strategic stability in the financial system and banking reform

    Post by jedi17 Wed 13 Jul 2016, 1:58 pm

    [size=12][size=24]4. establishment of institutions and the issuance of guarantee deposits and credit laws. [/size][/size]
    [size=12][size=24]** hoping this means more direct deposit and get away from a cashed based society
    [/size][/size]


    Fifth: - The Central Bank of Iraq to reconsider its policy for control of monetary policy, specifically its mechanisms and tools related to maintaining the Iraqi dinar exchange rate against foreign currencies and this requires the study of the subject of an auction and sell the currency and the bank to secure the Iraqi dinar to the Ministry of Finance and the possibility of financial role and dealing in foreign currency do 
    **meaning to stop the daily auctions and allow dinar to appreciate on an open market instead of artificially valuing the dinar by selling American dollars into the market.
    • Back to top
    lonelyintexas
    lonelyintexas
    lonelyintexas
    Interacting Investor
    Interacting Investor


    Posts : 4285
    Join date : 2012-12-19
    Location : San Antonio
    • Post n°4

    Strategic stability in the financial system and banking reform Empty Re: Strategic stability in the financial system and banking reform

    Post by lonelyintexas Wed 13 Jul 2016, 2:07 pm

    Thanks Jedi I appreciate you highlighting.  I had the one above highlighted but lost it when copying. 
    LIT
    yes
    • Back to top
    jedi17
    jedi17
    jedi17
    Moderator
    Moderator


    Posts : 10738
    Join date : 2013-02-20
    • Post n°5

    Strategic stability in the financial system and banking reform Empty Re: Strategic stability in the financial system and banking reform

    Post by jedi17 Wed 13 Jul 2016, 2:42 pm

    NP...highlighting is easy when you and Rocky bring this to the Forum
    • Back to top
    Sponsored content

    Sponsored content


    • Post n°6

    Strategic stability in the financial system and banking reform Empty Re: Strategic stability in the financial system and banking reform

    Post by Sponsored content

    • Back to top
      Current date/time is Fri 26 Apr 2024, 4:19 pm