The Central Bank obligates banks to meet with the contracting authorities contracted for the purposes of regulation

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The Central Bank obligates banks to meet with the contracting authorities contracted for the purposes of regulation

Post  Admin on Wed Aug 23, 2017 9:51 am

23-08-2017 02:42 PM




The central bank on Wednesday ordered banks and remittance companies to meet with their consulting agencies for regulatory purposes.

The bank said in a statement that 'to improve and achieve transparency in the work of Iraqi banks with the advisory bodies and in order to achieve the interest of the work, when the bank to contract with any consultant outside the bank to provide advisory services to him, the Central Bank is entitled to meet with this external consultant, whether before or after End Process'.

He added that 'the objective is organizational matters for the purposes of discussion and review and identify the points to be highlighted and to see any priorities or reports requested by the bank', indicating that 'this comes in accordance with the provisions of Article 53 of the Law of Iraqi banks No. 94 of 2004'.


http://www.ikhnews.com/index.php?page=article&id=159182

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