Experts: Opponents of the classification of the Central Bank of banks detrimentally
Baghdad / Zahraa Al-Jassem
With experts in economic affairs describe the measures taken by the Central Bank finally special classification of banks authorized to enter the window of selling the currency was positive, but a number of members of the House of Representatives had their last position , so they start attacking the bank 's management. MPs, including members of the Parliamentary Committee on Finance, considered that the measures which the Bank has developed based on the professional standards of the most important of compliance with anti - money laundering and liquidity requirements and meet the needs of customers by banks, improper say and nothing to do with the law of the Central Bank and the Banking Law.
It seems that prompted the central bank to take final action lies in the failure to meet some of the banks to the requirements of major international institutions such as the IMF and the World Bank and IMF Treasury and the institutions of international anti - money laundering which sets the standards and requirements, while central banks are responsible for verification of countries are, necessitating the central bank periodically to verify compliance by banks with these requirements and in the light of which are banks evaluated and classified according to an interview with the Director of the Department of Accounting at the Central Bank of Ihsan Shomran Yasiri, who also confirms in an interview (range), the classification of banks are on the S S - 8 standards the most important standard of compliance with the requirements of anti - money laundering, risk management and liquidity requirements and dealing with banks solid messaging and requirements to meet the needs of the audience, adding: We are now our problem is that most of the citizens deposited their money in the banks, but some of them do not meet the demand in time or origin not Talph, with all those standards developed and reported by banks for long periods and was given a period to correct their situations, and given opportunities to challenge this category, especially since the criteria developed was by an international auditing firm is one of the four major companies in the world and view rankings Fund cash International , who blessed him.
Yasiri continues , saying that a large number of banks have improved their positions, the fact that classification was for the purpose of activating the competition between banks to gain access to quality , we look forward to all banks up to the first category "A", which is located under the box this category is compliant for all standards which we have , also considered re - classification every three months, and if it improves the development of the bank rises classification, noting: that these actions were in line with the recommendations of the international Monetary Fund, the fact that Iraq falls within the post-crisis countries, so the IMF review and monitor the financial action Task Force, on the one hand according to another agreement with the Fund as part of anus Counter credit for the purpose of lending must be our institutions are all working perfectly, one of the most important fund requirements, but are also the goals of the Iraqi Central Bank to amend the banking system and the device that we do in all cases.
Facing the central bank measures to implement compliance attack by some standards, where he sees the economic expert Majid picture in an interview (range), that: this attack originating from those affected by the measure, there is a very deep conflict with the central bank with being adamant so far, follow - up to the mistakes of the banks and correct track , despite very large by pressure from inside and outside Iraq, firmly saying: critical decisions taken by the Central Bank , which will lead to a very significant positive results, but it needs time that a large and very deep conflict, so that some of those old pressures related to the issue of transfer banking companies To the central Islamic banks relented earlier in her time, but the trend of Capricorn now exists in his administration and not to accept the entry of these banks to sell the currency window until capital is completed to 250 billion dinars is true.
It continues the picture: with the Islamic banks and investment have to understand that the window does not need, so the central bank 's work is not easy under these pressures with being the right direction, adding however that the law says that the capital of Islamic banks is 100 billion dinars, and this is certainly It has been through parliament by people who have an interest in this law , and this is regrettable, but the central bank 's instructions said yes as possible so, but it must be those banks up in three years to 250 billion dinars in the capital, especially if one of banking companies turned out to be a bank as a result of an Islamist deceive the central bank to increase its capital to 250 billion dinars, so the central bank to withdraw the license from the bank faced with its impact winds campaign visible and invisible with being left in the past procedures.
According to this confirms the picture, that the central bank measures to impose entry window selling positive and very important currency standards, adding: It is true that all banks have the right to enter the window but the criteria that should be applied to banks are those available in the "A" rating and "B" and "C", which is the application of all laws and regulations pertaining to the work of banks, and the central bank has given great importance to the process of complying with its instructions after the 40% overall gave at the beginning, but he wanted lifted now to 60%, which is very important and positive issue, Monitoring of banks during the application of modern technology to the overall banking system where there are t His father timely and prudent lead to the central bank and the bank hedge what may happen in the latter as a result of errors committed by or mismanagement or lack of law enforcement, with the fight against money laundering and all kinds of corruption in which I took is definitely a lot of his time, is heading now to be applied, in addition to the standard The bank 's capital will be 250 billion dinars, and the lack of access to the capital of some banks that amount leads to a downgrade, all and with it so far is not enough action but positive and important.
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