Responsibility of the Association of Banks in the next stage

8/11/2014 0:00

Baghdad Yasser incumbent


Now it has elected administrative body of new association of private banks in Iraq and says it has a program of work is promising, that is, they put themselves in a critical angle is to bear the tasks of considerable in light of a new phase experienced by Iraq and is awaiting the formation of his new government, what are the most important requirements of the stage by the banking sector?

This question needs to be answered explicit should the governing body of the Association to answer him, where she has the lead in terms of the rules of procedure of the new supposed to be maneuvered her area of work to move in coordination with the sponsors for the financial sector and of Balsulttin monetary and fiscal, and what the extent of the ability of the Association to adopt or take responsibility in order to be the guarantee of well-established procedures and the actions of banks Almnzawah under its banner in the implementation of the procedure and the laws and instructions issued by the authorities and to ensure the smooth flow of liquidity and money towards development programs .

lki take Association location in influencing decisions concerning the defense of the banks must be have an influence in shaping the policy of the banks and thus would be the any association as planned and the observer on the implementation of banking activities and when it will have a role in evaluating the banks before the monetary and fiscal authorities and located it upon themselves to develop evaluation criteria for the performance of the banking and leading to the failure to extend all the banks some mistakes that may be committed Bank Association is a specific guarantee as mentioned above.

There are many demands which have to be implemented on the banking sector, especially with regard to the policy of development of the country but the problem lies in the procedures and laws restricting activity which is personalized to everyone, so it requires the provision of the necessary facilities in order to enable these banks to perform their duties to the fullest.



Eight of the requirements of the banking business to bring sophisticated modern technology that contribute to the acceleration of bank activities initiated more private banks in the acquisition of non-government banks that delay in possession has hampered their use in a manner covers an area of ​​the country, this dilemma need to hold firm in requiring adherence to government banks out of order to the process runs smoothly is high, and the right to say that one of the main reasons for the reluctance of international companies investing in the country lacking art core banking system contributes to facilitate the work of companies .

taul banks good in Iraq on a prominent role and the largest of the Association, which is sponsoring its affairs and be heard.

when the executive and legislative powers and also is supposed to be the ability of the association to influence the private banks to modify their routes towards the enhancement of their role in the implementation of sustainable development programs.


We follow with interest the central bank's measures aimed at achieving monetary stability, which leads to the achievement of the desired economic stability and convergence of monetary and fiscal policy and coordinate their efforts in order to achieve this ultimate goal.


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