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Features in the banking reform
01/09/2016 0:00
[rtl]It seems that the National Initiative for the central bank and the government, represented loans development of large and medium-sized projects, small and micro enterprises has produced the need for fundamental reforms in the banking structure and legislation that Tgmha.hzh secretions appeared at the application and implementation of lending mechanisms, where he collided with the challenges and obstacles receded nature of laws and poor implementation being old and restricted banking activity, particularly in the area of recovery of loans and guarantees related to real estate leads to increased risks borne by the banks, which hinder implementation size. These themes prompted the Central Bank and the Association of private banks to raise the ceiling on interest in a number of ways to assist the implementation, including training courses for banking human resources in several directions along with specialized work in the field of legislation chock committees to ensure the success of the initiative. Specialized Technical Committees went to seek legal remedies in order to liquefy and simplification of procedures with the possibility of recovery of loans and thus will contribute to the expansion of lending Dayra to raise the level of achievement of the development goals.Moreover, these secretions led to the need to speed up the process of restructuring State-owned banks, and coincided with the receipt of specialized departments young leaders and believe in reform, which facilitated the restructuring process that pant fast results clarified the right initiatives for these departments. To that spotted the important activities of the Union of Arab Banks and Iraq is an active member at the level of participation in global financial decisions through the opening of a representative office in Washington to connect with sources of international resolutions, this is an important development for Iraq, especially in the field of re-bridges of trust with the correspondence of international banks including serving process foreign investment in Iraq. About the positive case, we find it necessary to work from now to achieve a true partnership between the government and private banks through the merger in the association of banks, rather than a special bond so they can be to benefit from this opportunity of orientations Avenue of the Union of Arab Banks in the perpetuation of communication sources of international financial decision These are some of the features reform that I read in these developments, and the modern relevance to this important topic taken up in subsequent columns.[/rtl]
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