******* Related News: Risk Management promote monetary stability of the currency

8/16/2014 0:00

Provides precise control of the performance of investment portfolios
BAGHDAD - Hussein al-Tamimi Tgb


Confirmed specialist affairs banking on the importance of risk management in maintaining the banking operations of various espoused by the central bank in its dealings Almokhtlfah.oukal Samir Nasiri: that risk management adopted by the Central Bank of Iraq using stress tests come to promote monetary stability and to achieve the goals of the central through sound management of reserves and risk that could be exposed all the bank's operations in particular and the financial and banking sector in general, noting that at the end of the year 2011 has been the development of specialized management of risk to help achieve the goals of the bank has been in the same year, the preparation of a complete work program for this section in accordance with the best international standards.


He said during his speech at an economic seminar attended (morning) that at the end of 2012 launched the actual implementation of the risk management program on one of the directorates of the Iraqi Central Bank and proceeded to the Department of Risk Management to develop new mechanisms have not adopted before by preparing a set of critical operations to monitor the performance of investment portfolios and monitor deviation from the border, standards and testing necessary to anticipate and predict potential risks the introduction of a special program facilitates the prediction of the dangers (exchange rates and credit risk) and to develop ways to measure the interest rate risk on the assets of the Central Bank of government Securities using the analysis period and the period average and measuring the deviation from the border and standards and conventions Banking and measure the correlation between currencies through the program Alxl.ama development project payment systems retail and key national has said Alnasiri within the field of the development of payment systems retail and key national and payment via mobile for the purpose of creating an environment of integrated (RFP) for this vital project where he was forming committees to analyze the offers and achievement RFPs for global companies specialized wishing to participate in the project note that it has been developed legal frameworks for the project through the preparation of legal instructions own systems of payments and organize the work of providers of electronic payment and has direct implementation of the project during the year 2013, according to schedules developed for this purpose to set off the system.

He said the banking sector is a key pillar for the construction of a national economy free strengthens the foundations of the Iraqi state and push it towards the process of economic growth and stability if the bases in the construction of this sector strong and solid and based on scientific planning and replete with competence and experience and confidence in the capacity of national creative, especially if managed this sector that contributes development plans and investment at the level of construction and economic growth.


http://www.alsabaah.iq/ArticleShow.aspx?ID=75939