Specialist : distressed banks in the practice of investing activities
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Specialist : distressed banks in the practice of investing activities
Admin Mon Sep 16, 2013 6:32 pm
17/09/2013 12:00 AM
Description of article 28 of the law Palmariqlh
Baghdad - شكران the Fatlawi
Counting economic expert d . Akram Mohamed Hassan banking and financial sector one of the main factors of the transition from a centralized economy to a market economy required to lift the restrictions that his movement referring to the experiences of Eastern European countries in this field.
Hassan said "morning" that the economic reform process starting from the banking reform as a lever basic walking the economy , pointing out that Article 28 of the Banking Act restricted banks from exercising activities that are at the heart of their work and investment-related as well as prevent them doing any activity that is not listed in Article 27 furthest taking approval from the Central Bank .
He noted that the increase in commercial banks to their capital to 250 billion dinars not enough to hold economic reform unless it addressed paragraph 27, which reads " attend on banks to exercise any activity not mentioned in this article ," What made banks restricted in the exercise of a particular aspect of the banking business and lack of exercise side II.
Move away from risk
He said it's also managed the decisions away from risk , pointing out that the core of the work of the banking sector risk can not be reduced to zero if there mentality insists on reducing the risks Vlazttia do their part attributing this that during the lending process or financing of any project or business deal must attendant risks as exchange rate risk , interest rate and repayment and liquidity Most of them think only in so returns are going to be trading activities or to engage in currency auctions and issues away from the investment .
Market system
He noted that the market system does not mean only the freedom of trade and lack of controls كمركية and free transfer of capital , but could be in the form of state capitalism any subscription state with the private sector develop projects to contribute to development and needs to be a functional efficiently moving the law and within the institutional frameworks and clear and strong state even play the role of regulator of the economy in general and economic reform , however, of a state .
Role of the state
According Hassan said that this does not contradict with the private sector , construction and support for that weak role of the state to do its support through large-scale projects and development Each country applies the market system in accordance with local conditions , which attributed When enacted law reform project should be set visions and goals clear and there is the will and determination to abide by and follow-up .
Respect for the law
He explained that economic reform can not be guaranteed success legislation because there are hundreds of laws , but still faces the practice of customs and traditions and frames a social اتحترم law in many cases, the law must be Musdrale and controls for the conduct of Jhazativ for the state to play a huge role in economic reform through Aeltsiq between ministries and this requires clear mechanisms for collective decision - making and accelerate the process of economic reform.
http://www.alsabaah.iq/ArticleShow.aspx?ID=54432
Description of article 28 of the law Palmariqlh
Baghdad - شكران the Fatlawi
Counting economic expert d . Akram Mohamed Hassan banking and financial sector one of the main factors of the transition from a centralized economy to a market economy required to lift the restrictions that his movement referring to the experiences of Eastern European countries in this field.
Hassan said "morning" that the economic reform process starting from the banking reform as a lever basic walking the economy , pointing out that Article 28 of the Banking Act restricted banks from exercising activities that are at the heart of their work and investment-related as well as prevent them doing any activity that is not listed in Article 27 furthest taking approval from the Central Bank .
He noted that the increase in commercial banks to their capital to 250 billion dinars not enough to hold economic reform unless it addressed paragraph 27, which reads " attend on banks to exercise any activity not mentioned in this article ," What made banks restricted in the exercise of a particular aspect of the banking business and lack of exercise side II.
Move away from risk
He said it's also managed the decisions away from risk , pointing out that the core of the work of the banking sector risk can not be reduced to zero if there mentality insists on reducing the risks Vlazttia do their part attributing this that during the lending process or financing of any project or business deal must attendant risks as exchange rate risk , interest rate and repayment and liquidity Most of them think only in so returns are going to be trading activities or to engage in currency auctions and issues away from the investment .
Market system
He noted that the market system does not mean only the freedom of trade and lack of controls كمركية and free transfer of capital , but could be in the form of state capitalism any subscription state with the private sector develop projects to contribute to development and needs to be a functional efficiently moving the law and within the institutional frameworks and clear and strong state even play the role of regulator of the economy in general and economic reform , however, of a state .
Role of the state
According Hassan said that this does not contradict with the private sector , construction and support for that weak role of the state to do its support through large-scale projects and development Each country applies the market system in accordance with local conditions , which attributed When enacted law reform project should be set visions and goals clear and there is the will and determination to abide by and follow-up .
Respect for the law
He explained that economic reform can not be guaranteed success legislation because there are hundreds of laws , but still faces the practice of customs and traditions and frames a social اتحترم law in many cases, the law must be Musdrale and controls for the conduct of Jhazativ for the state to play a huge role in economic reform through Aeltsiq between ministries and this requires clear mechanisms for collective decision - making and accelerate the process of economic reform.
http://www.alsabaah.iq/ArticleShow.aspx?ID=54432
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