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A member of the Finance Committee: the need for new legislation for banks to develop their work
15-11-2013 08:49 AM
Baghdad (news) .. He noted member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the need for new legislation for banks keep pace with the evolution in international banks to develop the work of local banks.
Bayati said (of the Agency news): that the amendment to the Banking Act of 2004 to Ivy purpose because tainted by a lot of legal gaps that impede the work of local banks, especially in the use of modern technologies in the field of banking.
He added: The banking sector needs to be new legislation keep pace with the current stage, which saw global banks from which significant developments in their work in addition to turning the Iraqi economy to a free market economy, this requires special laws commensurate with these changes.
It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. B . PVC /
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15-11-2013 08:49 AM
Baghdad (news) .. He noted member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the need for new legislation for banks keep pace with the evolution in international banks to develop the work of local banks.
Bayati said (of the Agency news): that the amendment to the Banking Act of 2004 to Ivy purpose because tainted by a lot of legal gaps that impede the work of local banks, especially in the use of modern technologies in the field of banking.
He added: The banking sector needs to be new legislation keep pace with the current stage, which saw global banks from which significant developments in their work in addition to turning the Iraqi economy to a free market economy, this requires special laws commensurate with these changes.
It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. B . PVC /
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