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Discuss building a solid banking system challenges
23/11/2016 0:00
[rtl] BAGHDAD / morning
regulated in Beirut today Forum Iraqi banking sector , local presence and regional broad and deals with the banking business experiences in Iraq and the work of the central bank in both Iraq and Lebanon in the presence of Governor of the Central Bank of Iraq general secretary of the Union of Arab Banks and the head of the Iraqi private banks association and the collection of money experts and economists in Iraq and the balance of sharing different countries of the world.
Executive Director of the Association of Iraqi private banks Ali Tariq said that the forum is an opportunity to connect with the regional and international environment, with the participation of experts on a high level of banking experience and their work experiences in various countries around the world, and this is beneficial to the Iraqi banking sector, especially as the public and private banks Central Bank of the participants in this placed.
This forum is organized on a regular basis in order to consolidate the bridges ofcooperation with regional and international banks and stand at the latest developments in the global development banks.
The international financial expert d. Sadiq al - Shammari pointed out that the forum deals with the banking reality and the experience of the central bank in both Iraq and Lebanon and the reasons for the weakness of Iraqi confidence in banks and theexperience of Lebanese banks in Iraq, as well as the evolution of the banking industry in Iraq and the Arab region and the alternatives. In turn , an economist Samir Nasiri said he focused during the forum to reconsider amending banking legislation in Iraq, which regulates the banking work for the advancement of reality banking and in particular theCentral Bank Law No. (56) of 2004 and the Banking Law No. (94) for the year 2004 and the law of registration of companies No. 21 of 1997 and the law of Iraq Stock Exchange No. 74 of 2004 , and the activation of money laundering and the law of thenew investment law.
As we stand when addressing the technical gap and secure the legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between the international banks on the other hand the aim ofdeveloping the payments system and banking modernization and regulation of thefinancial and monetary trading processes according to the latest applied modern electronic banking systems in the world.[/rtl]
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