A member of the Finance Committee: the need for new legislation for banks to develop their work
Page 1 of 1
A member of the Finance Committee: the need for new legislation for banks to develop their work
15-11-2013 08:49 AM
Baghdad (news) .. He noted member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the need for new legislation for banks keep pace with the evolution in international banks to develop the work of local banks.
Bayati said (of the Agency news): that the amendment to the Banking Act of 2004 to Ivy purpose because tainted by a lot of legal gaps that impede the work of local banks, especially in the use of modern technologies in the field of banking.
He added: The banking sector needs to be new legislation keep pace with the current stage, which saw global banks from which significant developments in their work in addition to turning the Iraqi economy to a free market economy, this requires special laws commensurate with these changes.
It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. B . PVC /
- See more at: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.ikhnews.com/index.php%3Fpage%3Darticle%26id%3D107984&usg=ALkJrhiQ6FK6Df9th0_lJliputFscKeG2Q#sthash.BVPKX8q3.dpuf
Baghdad (news) .. He noted member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the need for new legislation for banks keep pace with the evolution in international banks to develop the work of local banks.
Bayati said (of the Agency news): that the amendment to the Banking Act of 2004 to Ivy purpose because tainted by a lot of legal gaps that impede the work of local banks, especially in the use of modern technologies in the field of banking.
He added: The banking sector needs to be new legislation keep pace with the current stage, which saw global banks from which significant developments in their work in addition to turning the Iraqi economy to a free market economy, this requires special laws commensurate with these changes.
It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. B . PVC /
- See more at: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.ikhnews.com/index.php%3Fpage%3Darticle%26id%3D107984&usg=ALkJrhiQ6FK6Df9th0_lJliputFscKeG2Q#sthash.BVPKX8q3.dpuf
Similar topics
» Member of Finance Committee: Application system (electronic clearing) will accelerate the work of banks
» Member of the Finance Committee: the formation of a parliamentary committee to follow up the work of the central bank to curb money laundering
» Member of the Finance Committee: Iraq needs a sophisticated banking environment to attract international banks in which to work
» Member of the Finance Committee: Central Bank demands to tighten controls on the work of private banks to curb money laundering
» Member of the Finance Committee: a project for the formation of a supreme body to monitor the work of banks to curb money laundering and currency smuggling
» Member of the Finance Committee: the formation of a parliamentary committee to follow up the work of the central bank to curb money laundering
» Member of the Finance Committee: Iraq needs a sophisticated banking environment to attract international banks in which to work
» Member of the Finance Committee: Central Bank demands to tighten controls on the work of private banks to curb money laundering
» Member of the Finance Committee: a project for the formation of a supreme body to monitor the work of banks to curb money laundering and currency smuggling
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum