Controls of capital adequacy standard in accordance with Basel II requirements

18th November, 2018 -

To all licensed commercial banks ( the capital adequacy adequacy controls in accordance with the Basel III requirements ) ... Click here to download

To all commercial banks approved / Supervisory Controls for Capital Adequacy Standard
In accordance with the requirements of the Basel III Greetings ... Based on Articles (4/3) of the Central Bank of Iraq Law No. 56 of 2004 and Article (1)

(104) of the Banking Law No. (94) of 2004, and in order to keep abreast of the developments of the global banking system. In order to reach the decisions of the Basel Committee on Banking Supervision (III), your banks will have to comply with the minimum capital adequacy criteria In accordance with the usual contexts, and in this regard we would like to state the following:

1. The pilot application requires all commercial banks operating in the Iraqi banking sector to comply with the regulatory controls of the capital adequacy standard in accordance with Basel II requirements during 2018 as follows: a. Application of the pilot test to the financial statements for the period 2018/ 9/30) and send the results to this bank within a period of (30) working days from the date of issuing these instructions, including inquiries and observations

Of the application process. B. A workshop will be held at this bank for the purpose of discussing inquiries and observations regarding the application process

Which will be identified at a later date. 2. Actual application requires all commercial banks operating in the Iraqi banking sector to comply with the regulatory controls of the capital adequacy standard in accordance with Basel II requirements during 2019

https://cbi.iq/news/view/930