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Central strategy supports calls for change
7/13/2016 0:00
[rtl]Stability in the financial system and reform the banking most important objectives
BAGHDAD Shokran Fatlawi
said a member of the Advisory Board of the Forum for Baghdad economic: that thecentral bank launched Strutijeth for the years 2016-2020 in conjunction with calls forfundamental and comprehensive of the Council of Ministers and the House ofRepresentatives of change, pointing out that the strategy set and painted the road to reform banking In accordance with the objectives of the main and foremost to support and achieve financial stability, activating the role of financial institutions and the banking sector, the development of the organizational structure and the organizational structure, human capital and activation and integration of internal and external relationships develop. new mechanisms and policies promised economist Samir Abbas Alnasiri attention to mechanisms and new policies that can adopted by the central bank andgovernment and private banks and relevant authorities with regard to the banking reform , according to a method fundamental change desired for the economy in the next stage which is the banking sector , the first episode and basic in it about it is important.Alnasiri noted that the strategic goals has been to identify the time period their applications to five years to achieve the 23 sub - goals based on the achievement offinancial stability, stability of the financial system, uncles financial inclusion and access to institutional reform and structural banking sector in Iraq, adding that through the analysis and points the mechanisms of action to achieve the above objectives can be seen that the strategy set clear priorities to achieve reform and that these Protozoa been diagnosed in light of the challenges faced by the banking sector due to the severe economic and financial crisis that is currently afflicting the country own reasons and objectivity. sufferings of the banking sector , adding that the diagnosis of the priorities of the suffering of the banking sector requires the central bank and the relevant authorities to draw and to develop mechanisms and procedures for processing during the year 2016 and not to wait for five years future by re trust of citizens and customers in the banking sector of Iraq, particularly private banks accompanied by action to increase the rate ofsavings in the banks to the proportion of compactness outside banks reaching saving 23 percent ratio and compactness 77 percent , according to statistics, as well as thecompletion of the structural and technical foundations controlled proactive. He Alnasiri that review and evaluate the results of the banks and reclassified by certified and identify weak banks that need to central bank intervention to restore its activity and bankruptcy protection as well as to assist and support the banks , which have been hurt in theprovinces income organization «Daash» terrorist international companies, let alone address currency sale and try to find alternatives to them and to leave entirely and strengthen the central bank 's initiatives in the financing of small and medium enterprises window will contribute to the revitalization of the economic cycle and the diversification of the general budget for 2016 resources. approach to banking reform and suggested that a member of the Advisory Board of the Forum on Baghdad and economic, for thepurpose of making a fundamental change to the method of the banking reform as Word Balstratejah according insight into the priorities and challenges faced by the banking sector, the importance of the central bank to study and analyze the reality of the government and private banks by reviewing, evaluating and rating these banks based on their financial statements and the results of its operations for 2015 and the adoption of an evaluation indicators and clear and based to force banks and standards Act international. setting performance standards and said that the mandate of a specialized team in financial analysis and determine the efficiency of the performance of banking standards in all areas of banking , administrative and credit , preferring that theinternational team be independent and impartial , taking into consideration the results of the evaluation system of the US for the 2013 and 2014 accompanied by the central bank full control and supervision of the banking movement in Iraq by focusing on proactive control the electronic office and field and a programmer and outline and identify irregularities and lapses and abuses of executive banking departments and taking sponsor corrective measures to make a fundamental change of approach to banking reform. He concluded Alnasiri his speech by saying: that the application of the Bank 'sboard of Directors ' decision Central controls on the nomination of board members and staff leaders in the banking and focus on professional competence and functional integrity, reputation and personal brand specialist and expertise are other capable Bhhalp problems and apply the desired strategy perfectly.[/rtl]
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