*********** Iraq participates acting forum (prudential supervisory procedures and practices for sound

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11/13/2014 - 1:56

Iraq participated acting forum (prudential supervisory procedures and practices for sound risk management), which was held for the period 30/10 until 1/11 this month in Sharm el-Sheikh, Arab Republic of Egypt

He said Dr Sadiq Rashid al-Shammari, Director General of the Islamic National Bank in a statement to justice to submit a working paper (Nature phalanx banks risk) to the forum and met with an overwhelming response by the participants as the subject of banking risk management is one of the important issues that took acquires interests of researchers and bankers and occupy their attention on the local and global level, particularly in the wake of the financial and banking crises that have occurred in many countries of the world, and finally the global financial crisis 2008.oadhav that through the study and analysis of these different crises, turned out to be the most important causes of these crises is the financial and banking risks increasing faced by banks and financial institutions on one hand, and weak management by Akhr.oaodh Shammari, that the structural problems of the economy lies in the high rates of unemployment, and inflation rates, and poor distribution of wealth to enter, and the high ratio of public debt to GDP, in addition to the high deficits in the balance of states, and the ineffectiveness of training and education mechanisms, and the ineffectiveness of Alsoq.mhira mechanisms that the forum sponsored by the Union of Arab Banks, headed by Mohamed Barakat comes in the framework of strengthening cooperation and coordination among regulatory authorities and Arab banks and strengthening the role of the regulatory procedures precautionary in the reduction of systemic risk and protect financial stability in the region.



And participated in the forum, a large crowd of bankers and economic decision-makers from various Arab countries, under the auspices of the Central Bank of Egypt.


He said that the recent global financial crisis that hit financial markets in mid-2007 showed the importance of restructuring the global financial system and the need to strengthen prudential regulatory measures and improved risk management systems in banks.

Was developed and developing a package of regulatory reforms at the international level, aims to improve and strengthen the immunity and the ability of the banking system to absorb shocks and pressures faced by the hedge to contain unexpected crises.

In our Arab region, which is witnessing in those days the stage of instability in some countries, there is a need to pay the risk management process banks of utmost importance to the region, with the strengthening of cooperation and coordination among regulatory authorities in order to improve their ability to meet those challenges.

This Forum highlighted the main challenges facing the Arab banks in the present day, and the mechanisms and procedures regulatory prudential total needed for the application and practice sound risk management in accordance with the new requirements of the recommendations of the Basel, in order to improve the Arab banking sector's ability to meet those challenges.

Also that the forum allows the identification of the most important and the last thing the amendments to international and regional initiatives in the light of the global financial crisis and Tdaeitha, has also been some regulatory experiments review in the Arab world and the best practices in risk management, and that at the hands of selected and distinct from the Arab world, experts and some institutions elite International specialized forum and addressed many of the themes and topics of the most prominent (the role of central banks to reduce systemic risk and protect the financial stability) and (controls to identify weak banks and support mechanisms) and (regulatory capital and reserves of the new capital according to Basel III) and (liquidity standards Global tests pressures (LCR & NSFR) and (sound management practices Islamic banking risks and controls.) and (self-assessment of capital adequacy ICCAP according to the recommendations of the Basel III.) and (the role of central banks in controlling the internal models (Internal Models) and (governance and sound banking practices for risk management.



(f) financial crises and forecasting systems and early warning) and (Arab supervisory experience in the application of the Basel III recommendations)


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