Banking reform laws needs to be effective not to duplicate recommendations
6/3/2014 0:00
Baghdad Yasser incumbent
calls and wish many heard in more than one conference and a seminar and told media and the press over the ten years that have passed in haste for banking reform, but without avail, committees and recommendations and proposals and we are still waiting.
in the midst of the chaos of instruction as a result of overlapping the old legislation with modern and the inability of the last to sweep the old ones, under the banking sector varies in place without any development. All acknowledge that the Atnmah Obna without banks efficient enjoying the independence of the decision and have the financial solvency and good governance to enable them to meet the requirements of global investment firms, which requires it to secure their funds according to the theory (head Money coward) and looking for a safe environment native to the banks discreet so they are always looking for government guarantees in all its activities.
it always say that the role of state-based and can not be dispensed with, provided that the sponsor and the supervisory and supportive in all cases and leave the economic activities and funding, however, the banking sector is in turn required , and that's where investors and owners of companies need a local partner find them averse when they find the complexities and limitations of the freedom of banks and Alentjah inevitable delays in construction and development and remain in a vicious circle between a seminar here and recommendation there.
news released by the Finance Committee in the House of Representatives calling for the formation of a supreme body to reform the banking consultation with government agencies and consultants as well as prepared a detailed report included 24 recommendations in this regard.
reading carefully and scrutiny of these recommendations and their meanings, and we found the perfect solution to achieve banking reform desired, but all of these recommendations have consumed a lot without achieving the goal and I remember, for example, paragraph comprehensive system where I spent a lot of money and effort and international support for its implementation, but without avail does succeed in subsequent attempts? Perhaps realizing that and either investment funds we have heard much about it.
has seen the year 2013 held a seminar lasted for five days, the longest in the history of seminars panel discussion hosted by the central bank has exhausted its discussions Showing all the challenges and obstacles by reviewing the three laws that govern monetary policy in the country, a Rules (the banks, the central bank, and finally the law of money laundering) and diagnosed discussions the most prominent and exited the symposium recommendations of the task, but in our estimation is not sufficient because it talks about the changes in the time required by the need for new laws to respond to the requirements phase of the stepping stone towards the establishment of a banking business discreet and fortified and capable at providing climates dependence it received large investments and the money that Iraq needs to project required development and ensure the needs of banks and investment companies.
Therefore, the banking reform can not be achieved authored a body or committee but requires pass laws quick materials shown in each of the recommendations and the way the decree in the map are obvious does not need to agree on the wording Laws effective and binding on all.
, and if there had to be this symposium and recommendations that are not different thing from its predecessors, it is the last chance to achieve banking reform, provided approval of new laws as we have said, and if they do not take their way to implementation Fsndq another nail in the coffin of reforms, many of the overlooked something and read on the banking sector Despite the peace that is our hope that the year 2014 will be timely to bring banking reform and Huahd the most prominent aspects of economic reform and facilitate achieve.
[You must be registered and logged in to see this link.]
6/3/2014 0:00
Baghdad Yasser incumbent
calls and wish many heard in more than one conference and a seminar and told media and the press over the ten years that have passed in haste for banking reform, but without avail, committees and recommendations and proposals and we are still waiting.
in the midst of the chaos of instruction as a result of overlapping the old legislation with modern and the inability of the last to sweep the old ones, under the banking sector varies in place without any development. All acknowledge that the Atnmah Obna without banks efficient enjoying the independence of the decision and have the financial solvency and good governance to enable them to meet the requirements of global investment firms, which requires it to secure their funds according to the theory (head Money coward) and looking for a safe environment native to the banks discreet so they are always looking for government guarantees in all its activities.
it always say that the role of state-based and can not be dispensed with, provided that the sponsor and the supervisory and supportive in all cases and leave the economic activities and funding, however, the banking sector is in turn required , and that's where investors and owners of companies need a local partner find them averse when they find the complexities and limitations of the freedom of banks and Alentjah inevitable delays in construction and development and remain in a vicious circle between a seminar here and recommendation there.
news released by the Finance Committee in the House of Representatives calling for the formation of a supreme body to reform the banking consultation with government agencies and consultants as well as prepared a detailed report included 24 recommendations in this regard.
reading carefully and scrutiny of these recommendations and their meanings, and we found the perfect solution to achieve banking reform desired, but all of these recommendations have consumed a lot without achieving the goal and I remember, for example, paragraph comprehensive system where I spent a lot of money and effort and international support for its implementation, but without avail does succeed in subsequent attempts? Perhaps realizing that and either investment funds we have heard much about it.
has seen the year 2013 held a seminar lasted for five days, the longest in the history of seminars panel discussion hosted by the central bank has exhausted its discussions Showing all the challenges and obstacles by reviewing the three laws that govern monetary policy in the country, a Rules (the banks, the central bank, and finally the law of money laundering) and diagnosed discussions the most prominent and exited the symposium recommendations of the task, but in our estimation is not sufficient because it talks about the changes in the time required by the need for new laws to respond to the requirements phase of the stepping stone towards the establishment of a banking business discreet and fortified and capable at providing climates dependence it received large investments and the money that Iraq needs to project required development and ensure the needs of banks and investment companies.
Therefore, the banking reform can not be achieved authored a body or committee but requires pass laws quick materials shown in each of the recommendations and the way the decree in the map are obvious does not need to agree on the wording Laws effective and binding on all.
, and if there had to be this symposium and recommendations that are not different thing from its predecessors, it is the last chance to achieve banking reform, provided approval of new laws as we have said, and if they do not take their way to implementation Fsndq another nail in the coffin of reforms, many of the overlooked something and read on the banking sector Despite the peace that is our hope that the year 2014 will be timely to bring banking reform and Huahd the most prominent aspects of economic reform and facilitate achieve.
[You must be registered and logged in to see this link.]
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