Member of the Finance Committee excludes the development of the banking system when modifying the current banking law
Page 1 of 1
Member of the Finance Committee excludes the development of the banking system when modifying the current banking law
Admin Sat Nov 30, 2013 9:45 am
30-11-2013 07:05 AM
Baghdad (news) .. Ruled out a member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the development of the banking system in the country when modifying the current banking law, calling for new legislation to keep pace with the evolution in global banks.
Bayati said (of the Agency news): The current Banking Act, which began at the time of the U.S. civil administrator Paul Bremer in 2004 to Aisthml amendment being launched in a matter different from the current situation before any decade.
He added: should new legislation for banks keep pace with developments in the work of banks in the world and encourage local banks to develop their work through the use of devices and systems the most sophisticated, well that encourages investment in the banking field.
He stressed: that the amendment of the current law will for the purpose Ivy will lead to the development of the banking system in the country.
It is noted that the banking system in Iraq consists of forty-three banks, as well as the Central Bank and distributed by the property between (7) and state banks (30) Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks.
In spite of the Investment Law No. 13 of 2006 has excluded investment in the banking sector of its provisions, but the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banking No. 94 of 2004, and has a minimum to establish a bank in Iraq, 100 billion Iraqi dinars (ie, up to 85 million dollars) .
- 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%3D109587&usg=ALkJrhiFWuc8QNBYEioLZEwuEIDaEzUD3A#sthash.A4aSNlF1.dpuf
Baghdad (news) .. Ruled out a member of the Finance Committee MP / coalition in Iraq / Hassan al-Bayati, the development of the banking system in the country when modifying the current banking law, calling for new legislation to keep pace with the evolution in global banks.
Bayati said (of the Agency news): The current Banking Act, which began at the time of the U.S. civil administrator Paul Bremer in 2004 to Aisthml amendment being launched in a matter different from the current situation before any decade.
He added: should new legislation for banks keep pace with developments in the work of banks in the world and encourage local banks to develop their work through the use of devices and systems the most sophisticated, well that encourages investment in the banking field.
He stressed: that the amendment of the current law will for the purpose Ivy will lead to the development of the banking system in the country.
It is noted that the banking system in Iraq consists of forty-three banks, as well as the Central Bank and distributed by the property between (7) and state banks (30) Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks.
In spite of the Investment Law No. 13 of 2006 has excluded investment in the banking sector of its provisions, but the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banking No. 94 of 2004, and has a minimum to establish a bank in Iraq, 100 billion Iraqi dinars (ie, up to 85 million dollars) .
- 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%3D109587&usg=ALkJrhiFWuc8QNBYEioLZEwuEIDaEzUD3A#sthash.A4aSNlF1.dpuf
Admin- Admin
- Posts : 29357
Join date : 2012-04-30
Location : Arizona -
Similar topics» Member of the parliamentary Finance calls for the development of modern electronic banking system has the highest security standards in the banking
» Member: Finance Committee is seeking to legislate a special law for Islamic banks and amend the current banking law
» Finance Committee: Iraq's participation in the Arab Banking Summit will support the Iraqi banking system
» ######Member: Finance Committee plans to hold a special conference for the development of the banking sector with the participation of international partners
» The development of the banking system supports a balanced development
» Member: Finance Committee is seeking to legislate a special law for Islamic banks and amend the current banking law
» Finance Committee: Iraq's participation in the Arab Banking Summit will support the Iraqi banking system
» ######Member: Finance Committee plans to hold a special conference for the development of the banking sector with the participation of international partners
» The development of the banking system supports a balanced development
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|