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Member: Finance Committee is preparing a special law for the banks with the participation of experts

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rocky
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Member: Finance Committee is preparing a special law for the banks with the participation of experts

Post by rocky on Thu 08 Aug 2013, 4:09 am

Member: Finance Committee is preparing a special law for the banks with the participation of experts and international consultants

08-08-2013 08:19 AM

Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler unable, for the intention of its enactment of a special law for banks supports the Iraqi banking system with the participation of international experts and financial advisors.

He is capable (of the Agency news): that the current banking law is supportive of and does not allow investment banks and the use of modern technological techniques in the banking business, as it operates according to an old mechanics is novel and not keep pace with the developments in the field of world banks.

He pointed out: that there is a strong desire by the international banks discreet to enter the Iraqi environment for the purpose of work and open branches in Iraq, especially after the withdrawal of Iraq from the provisions of Chapter VII, which was imposed on it by the United Nations, but Tstadm several obstacles to the most important of the Banking Act.

He added: Finance Committee and with the participation of consultants and financial experts of international connection with the preparation of a special law for banks supports the Iraqi banking system and يطوره, stressing been holding a series of seminars and workshops in order to reach a legal formula modern and sophisticated. / End / 8. G. / Mm

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Re: Member: Finance Committee is preparing a special law for the banks with the participation of experts

Post by Neno on Thu 08 Aug 2013, 4:27 am

Lol, smart cause their banking system would of been taking over, no competition.


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