The Finance Committee is preparing a special law for the banks with the participation of experts and international consultants
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The Finance Committee is preparing a special law for the banks with the participation of experts and international consultants
Admin Fri Aug 09, 2013 5:39 pm
Thursday, August 08, 2013
Said a member of the Finance Committee MP for the coalition Kurdish blocs Dler the capable, of its intention to enactment of a special law for banks supports the Iraqi banking system with the participation of international experts and financial advisors.
He is capable on Thursday that the current banking law is supportive of and does not allow investment banks and the use of modern technological techniques in the banking business, as it operates according to an old mechanics is novel and not keep pace with the developments in the field of world banks.
He pointed out that there is a strong desire by the international banks discreet to enter the Iraqi environment for the purpose of work and open branches in Iraq, especially after the withdrawal of Iraq from the provisions of Chapter VII, which was imposed on it by the United Nations, but Tstadm several obstacles, mainly the Banking Act.
He added that the Finance Committee and with the participation of consultants and international financial experts in the process of preparing a special law for banks supports the Iraqi banking system and stressing been holding a series of seminars and workshops in order to reach a legal formula modern and sophisticated.
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