The Central Bank holds a workshop in preparation for the classification of banks operating in Iraq internationally

September 15, 2019


As part of the efforts of the Central Bank of Iraq to develop the performance of banks and keep them in line with international standards, this bank held a workshop on the requirements of classification of banks operating in Iraq by international agencies.

The workshop included assessment requirements from international rating agencies, most notably:
- Challenges faced by banks to prepare evaluation within international standards.
- The positive impact of the evaluation with international banking relations and correspondent banks.
- The impact of evaluation in increasing the principle of transparency of shareholders and the application of corporate governance.
- Risk assessment of banks in neutral terms and its importance in correcting gaps and increasing future hedges.

It is noteworthy that the Board of Directors of the Central Bank of Iraq approved in its resolution No. (113) of 2019 to the adoption of international credit rating agencies for banks operating in Iraq and work from 2020.

Central Bank of Iraq
information Office


https://cbi.iq/news/view/1281

The Association of Banks Organizes a Course «Document Auditing and Auditing»
Side of the course. "Economy News"
Banks

Economy News - Baghdad

Organized by the Association of Iraqi private banks in cooperation with the group of joint efforts, on Sunday, a session "audit and review of documentary credits."

Thirty-five trainees from a number of government and private banks participated in the five-day course.

It targeted the staff of the Credit and Warranty Departments and the Risk and Operations staff.


http://economy-news.net/content.php?id=17745