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[size=41]Central launches banking supervision reporting system[/size]
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On Thursday, the Central Bank of Iraq announced the launch of the Banking Supervision Reporting System (BSRS).
The bank said in a statement, that “the new system will collect financial data from banks and non-bank financial institutions represented by (banks' quarterly data tables, mandatory reserve reservation tables, trial balance tables for non-bank financial institutions, liquidity and capital adequacy tables, and financial inclusion data), in addition to the data of the permanent record of every bank or non-bank financial institution that is authorized by this bank, and the unification of the database of codes for these banks, companies and their branches.
The bank stated, “The system provides the Banking Control Department and the various bank departments with a clear vision of the financial position of financial institutions by relying on the capabilities offered by modern technology in downloading and auditing data, which enables the regulatory authorities to monitor the financial safety of banks and non-bank financial institutions faster and more accurately.” and enabling the bank to rectify potential risks within financial institutions.
The statement added, “The launch of the Banking Supervision Reporting System (BSRS) comes in implementation of the strategic goals set by the Central Bank of Iraq in developing institutional performance, upgrading banking control tools, and reducing risks by adopting regulatory techniques and automating activities and functions undertaken by the Central Bank and its departments to regulate the work of the banking sector.” Iraqi.”
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[size=41]Central launches banking supervision reporting system[/size]
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one minute[/size]
[You must be registered and logged in to see this image.]
news life
On Thursday, the Central Bank of Iraq announced the launch of the Banking Supervision Reporting System (BSRS).
The bank said in a statement, that “the new system will collect financial data from banks and non-bank financial institutions represented by (banks' quarterly data tables, mandatory reserve reservation tables, trial balance tables for non-bank financial institutions, liquidity and capital adequacy tables, and financial inclusion data), in addition to the data of the permanent record of every bank or non-bank financial institution that is authorized by this bank, and the unification of the database of codes for these banks, companies and their branches.
The bank stated, “The system provides the Banking Control Department and the various bank departments with a clear vision of the financial position of financial institutions by relying on the capabilities offered by modern technology in downloading and auditing data, which enables the regulatory authorities to monitor the financial safety of banks and non-bank financial institutions faster and more accurately.” and enabling the bank to rectify potential risks within financial institutions.
The statement added, “The launch of the Banking Supervision Reporting System (BSRS) comes in implementation of the strategic goals set by the Central Bank of Iraq in developing institutional performance, upgrading banking control tools, and reducing risks by adopting regulatory techniques and automating activities and functions undertaken by the Central Bank and its departments to regulate the work of the banking sector.” Iraqi.”
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