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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


    Corporate governance in Iraqi banks... enhancing transparency and efficiency

    Rocky
    Rocky
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    Posts : 274403
    Join date : 2012-12-21

    Corporate governance in Iraqi banks... enhancing transparency and efficiency Empty Corporate governance in Iraqi banks... enhancing transparency and efficiency

    Post by Rocky Tue 11 Jun 2024, 5:13 am

    Corporate governance in Iraqi banks... enhancing transparency and efficiency
    • Time: 06/10/2024 14:34:09
       
    • Read: 1,651 times

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    {Economic: Al Furat News} Corporate governance is one of the most important factors that contribute to enhancing the performance and safety of the banking sector. By applying sound governance principles, banks can improve their efficiency and risk management, and enhance investor and customer confidence.
    In Iraq, banks have made great strides in applying corporate governance principles, with support from the Central Bank of Iraq and the Iraqi Deposit Insurance Company. These efforts have contributed to improving the performance of the banking sector and increasing its transparency, which has had a positive impact on the Iraqi economy in general.
    Singapore's experience in the field of corporate governance in the banking sector is an example to follow. 
    The Monetary Authority of Singapore (MAS) has implemented a set of stringent governance standards, including disclosure and transparency requirements, defining the responsibilities of the board of directors and executive management, and periodically evaluating banks' performance. 
    These efforts have made Singapore a global financial center with an excellent reputation for transparency and integrity.
    In Iraq, the Iraqi Deposit Insurance Company can play a greater role in enhancing corporate governance in banks, by encouraging banks to adopt international best practices in this field, and providing training and guidance to members of the boards of directors and executive management.
    It can be said that the Iraqi Deposit Insurance Company represents an inspiring success story under difficult circumstances. Through its vital role in protecting depositors’ funds and enhancing confidence in the banking system, the company contributes to building a strong and stable national economy. 
    As its efforts in development and innovation continue, the Iraqi Deposit Insurance Company promises to be an essential pillar in achieving sustainable economic development in Iraq.

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