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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


    old laws obstacle in the banking performance

    day dreamer
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    • Post n°1

    old laws obstacle in the banking performance Empty old laws obstacle in the banking performance

    Post by day dreamer Sun 02 Feb 2014, 4:22 pm

    Experts: old laws obstacle in the banking performance


     3/2/2014 0:00


    At a seminar hosted by the Institute of Policy Development Progress

    BAGHDAD - Shkran Fatlawi
    Experts in finance and economics called for the need to find a compromise between the government and private banks based on the issuance of laws that guarantee the rights of private banks away from the dominance of the public banks and the granting of the first space in the arena best financial and economic support to the development process in the country.


    Global standards


    Executive secretary of the Association of private banks Abdul Aziz Hassoun pointed to the importance of creating ways to overcome the obstacles faced by the banks in the performance of its proposal to the necessity of working style card that contains detailed information on each bank and the nature of his work as well as the need to restructure banks form a real and not be restructuring a re- reading some of the legal texts on the banks .
    Hassoun also stressed the need for the application of international standards in banking afterthought that fact is not formatted so Ihtah a long time , noting that Iraqi banks does not need external hoods because they rely on cash handling .


    Association of Banks


    Hassoun pointed to the importance of strengthening the banking reality by joining other banks to the Association of Banks and the 32 banks , explaining that who has the financial balance Hoalve gets responses ultimately affirming private banks facing applications over the severity of the transfer instructions Foreign ending pointing out that the banking sector is facing pitfalls of many years ago , and this did not stop the bumps continuously adding that he nevertheless there continue growing assets in those banks through deposits which increased by 29 trillion dinars in banks .
     
    Lobby banker


    For his part, spoke the chairman of the Bank of the UNESCO Wadih Handal about the importance of reform of the banking reality , especially private banks, pointing out that the reform lies in part in the formation of a lobby banker compressor includes bankers and businessmen to follow the reality and push for the implementation of the Provisions of the laws relating to Balheiklh and provide an appropriate environment through coordination with the Iraqi Central Bank and the World Bank .
    He noted that the separation of management from ownership was not possible in the conditions precedent because the lack of separation would increase capital , noting that the process of merger of banks among them will not be forcibly but must find the appropriate conditions that include incentives indicating that the banks did not experience during periods the former because of the evolution of any significant restrictions on them.


    Government deposits


    For his part, spoke of the economic expert d . The appearance of Mohammed Saleh deposits indicating that it amounted to ( 67) trillion dinars 0.43 Trliuna them to the central government and the public sector , and this figure is up to the end of June of the previous year 2013 which does not include government deposits with the Central Bank or the Development Fund for Iraq (DFI) , pointing out that credit or banking (loans ) amounted to ( 29) Trliuna ( 80 ) percent of them provided by the state banks .
    Salih noted that the project of restructuring the banks failed for unknown reasons , noting that private banks trapping regulations and old laws and censorship have no value and wondering Maalaqh banking market among market is government Ataatkamil with the private market , noting that the instruments of the private banks is not acceptable to the government and that the circumstances that led to a split within the market and this split payment of capital to escape outside Iraq as a result of a lack of confidence , which in turn moved the short-term capital .
    Did not finish in favor of talking without putting some suggestions or solutions to improve the banking reality in Iraq, pointing out that unless the law may be promulgated investment banks must be to amend Article 28 to help the private banks and the granting of these banks loan encouragement to help them solve their problems accompanied by a law the government banks
    He called for the formation of a company to guarantee deposits and the abolition of the Iraqi restrictions on the instruments issued by private banks and the establishment of an institute to prepare monitors banking specialists as well as the necessity of subjecting banks to control the Kurdistan region , as in the rest of Iraq with the banks need to think about the establishment of a High Commission for Banking Supervision .
    Conditions are not natural


    Economic expert Mowaffak Hassan concluded the session by saying he does not comply with the view that the banks are not able to perform their role but are working under conditions not normal , especially with regard to direct investment , explaining the lack of an international classification has a direct relationship to Iraq has led to a lack of confidence in banks .


    Development process


    The parliamentary Finance Committee is looking at ways to develop the work of private sector banks and the most prominent obstacles facing the work , pointing to the need for support for various areas of the private sector, especially the banking sector for its contribution to the building process of economic development and its role in promoting investment opportunities in the country.
    And find ways to bypass the constraints faced by the support they need private banks from the government , the parliament and the possible expansion of these banks in the process of investment and economic development .


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