For an Iraqi banking sector

[Butifldrm]

 

For an Iraqi banking sector

Monitoring

Ali Mohsen Ismaila

Governor of the Central Bank of Iraq

July/2/2017

Before we include the important, which will suffer from the banking sector and which are mainly its dependants

In the banking sector, mention must be made of some of the most interesting aspects of the number of banks.

Developed in other periods of time and tools and procedures and studies that it make and employed resources

Advanced in its operations and used specialized offices in various areas of consultation, training and

In the structency of some banks, and became in

and information technology. We have noticed a development in the Kaira.

The ranks of the advanced banks in this field, we pray that they would be able to make progress and give us confidence in our abilities

In shaping a better future for banking realities in this country.

In this regard, we invite those banks that have achieved this level of progress to reverse their results and to

The various media outlets for the citizens to go and instil confidence and trust in important,

To its position and attraction

haha you are nervous

To be with regret that there is a general impression from all the banks and that some of them are being pictured only (Dkakdin)

Of the advanced and evolving reality of

Contrary to its enemies.

That it is necessary to carry out an advertising campaign to highlight what the banks have been doing to progress and to advance in their operation

Perhaps it would be appropriate for the private Banks Association to adopt that campaign with banks, and we hope that

I will be shocked by the good of the banks

and to the inner market and the picture of the banking sector

.

Iraqi Kharva

Means of its dependants:

 

The most amazing phenomena

-1 Focus:

The reasons for maintaining the stability of the bank and the lack of risk are to be called to avoid

Concentrations in the activities and operations of the bank and in all its forms but the existence of this phenomenon is noted

Most of the Ahyan in:-

. credit concentrations (especially members of departmental boards and important and important).

concentrations (especially in important, and concentrations in the sectors of economics).

Concentrations in deposits (by a group of individuals).

concentrations in important bank.

concentrations in assets are at the expense of investments and other activities.

One of the indicators that draws attention in those concentrations is that as much as 10 to 20 is the same as the greatest

In credits and grants, they are often members of the Board of directors, important and important, as well as

The situation in the concentration of deposits by a limited number of prostitutes.

One indicator is the amount invested in important as at 31/3/2017 (2.1) billion, the total

Dyasar of total investment (3.1) Terlion Dfire, and its (0.1) Treilion investment only 4 banks

In the important and

The rest of the banks have a total of 300 ml.

Indicators relating to the concentration in cash credit are in the 2017/3/31 to a total of

39% of total inventory of banks, the net cash credit is more than 4

Tarlwen Dinar.

In 2017/3/31, the percentage of investments in total assets (banks

(8 per cent): some banks have to invest in investments.

The assets of the banks were also linked to the 31/3/2017 amount (6) trillion d'fire of the total

Total assets (13) trillion dnar, i.e. No. 46% concentration in bank balances in banks

, which has the effect of concentrating the activities of the banks in the window of the currency.

It is noticeable that there is a sectoral concentration of the banks in the areas of export-related waste to the private sector

, the commercial sector is usually 60% of the total credit.

With regard to the level of credit, which is the bulk of the letters of guarantee, the majority of which are in cases of hostility,

Letters of courtesy to relatives, friends and companies that important or participate in the form of the members of the Board of Directors

Clear or hidden, and when you are slacken the participants get used to the style of fencing and procrastination in the payment of speeches

Guarantee thus the provisions of article (

In contravention of the Trade Act (No. 30 of 1984).

2. Weaknesses in the recovery of assets and the specialization of the most vulnerable

the accounting base for calculating the inventory of assets is based on the cost or lesser of the property,

It is necessary to know the identity of the al-Suwaiqyeh in the preparation of the Mazaniyat. Notice that this rule is not working

Of Al-Ahwanan, and the fact that the assets are located on the Galar-Haqhit, thus reversing the financial profile

Of the bank or of the results of its losses (by its withdrawal or loss) because of the failure to take the allowance for a competitive shoe. that the

The pressure applies to the main components of the asset that it contains: credit portfolio, wallet

Investment, real estate, fixed assets.

the presence of real estate back to the bank did not transfer the property to the bank despite the lapse of time

, which is a matter of the most appropriate, legally and in the form of a number of forms, which require a resolution to be adopted.

the lack of a logbook for fixed assets in a number of sinks, not counting the decimation

In a way.

Negative 3 of some boards of directors:

That the original in the existence of the management boards of the banks the planning and supervision and the control and the elements of success

Progress and prevention of different risks from the bank, preparation of studies and written procedures and follow-up of the performance

Management and verification of efficient and effective implementation of plans and objectives, preserving the rights of holders and owners

Of interest.

In some banks, it is noted that the role of the boards is negative, as evidenced by the phenomenon

On the role of the active in the bank to the rules and requirements

And they important other than work but they pushed important to perform

Do not violate the law and the teachings for the purpose of achieving the interests of the person and the acquisition of some members of the councils

Of the bank's funds and the property of the banks in a way that is illegal or unlawful and detrimental to the interests of the bank.

We've noticed some of the banks have been the most competitive.

House of the President or a member of the Council

The existence of a department or departments in the bank does not have the capacity or the service in its administration.

We affirm the need for strict compliance with the institutional governance that has been imposed on banks;

In the most competitive

And we consider the obligation as an order to be satisfied with the consequences of his plan and to push it to take action

Strict towards the inventor of E.

The fact that the bank has avoided the risk of being a serious danger and that it can make the bank

At an advanced level of regulation, oversight, disclosure, transparency and it are key factors for the success of institutions.

-4 movements of certain accounts:

The movement of some of the accounts is a clear and justifiable explanation and is justified by the idea of his plan, to be taken into account and to withdraw

Amounts to and from one account to another in comparable periods of time, in the same day as me, and in amounts

Without having to justify or clarify those operations.

Such movements have become subject to money-laundering or property-related practices as long as they lack

The information explaining the composition and the data of its owners and in the other

Risks of risk and exposure to the appropriate and regulatory procedures which we take to withdraw the bank leave as stated

To the anti-money Laundering and Property Control Act.

We emphasize the need to fully share the rules, procedures, and due diligence towards such work and its

Full compliance with the "know your customer" principle, and the need for the relevant units in the bank to be as

To be aware of the ability, knowledge, competence and responsibility to exercise the required demand.

-5 Poor credit management:

The form of credit grants in all forms important the activities of the banks, and to be efficient and effective

To avoid the fact that the bank has been subjected to

The bank is in danger of being slacken and tripping in the register and it is a reason to be honest

Loss of important (cash).

It is noticeable that the management of this activity is weak, and I am deliberately creating lending transactions that make it worth the interests

Especially in the knowledge that these transactions will lead to problems in the register and therefore

The bank for the risks of Capra.

It is an observation in some banks that this is the issue:

credit concentration and mostly with members of the Board of directors and important and important in Gadab Sadasat and procedures

Grant those visas.

absence of guarantees, warranties or amounts in its availability, and lack of a review

Security assurances.

adoption of protocols or instruments on safeguards for credit payments, in lieu of guarantees

Al-Sudouleh or real estate, and we are of the view that instruments and mechanisms are considered (instruments of fulfillment)

and six (warranty tools).

the lack of follow-up on the troubled Dalits and the taking of legal action in their presence.

double the role of internal control in the credit operations of all Oaje.

the lack of effective control over the granting of credit and follow-up of the and the availability of the existing regulations

To provide for the issuance of the reports on the reconstruction of the receivables and the monitoring of their requirements and the provision of the necessary provisions on

The distressed or doubtful Doun.

That the practices that concern the use of such a phenomenon are to be taken up and committed

The central bank has repeatedly confirmed

In this regard, it will undertake strict measures on the slowdown and delay in its withdrawal, on

To preserve

Financial stability in the banking sector.

-6 Gabab comprehensive evidence of studies and procedures:

Those who are talking about and looking at the work in the banks and they have it in its relations and clear procedures

and consistent with the rules of work and learning, the existence of comprehensive manuals and procedures for departments and activities

Bank, and we have noticed that evidence in most banks.

Rack, we have noticed that evidence in most banks.

7

It is a valuable evidence to prepare and apply:

manuals and procedures for combating money-laundering, compliance control and procedures for the principle of "

I know your client.

manuals, credit procedures, fiduciary concentrations, follow-up and monitoring.

al-Salasat and procedures for investments.

. risk management and procedures for managing risks.

We are prepared by the central bank to assist banks if the preparation of such evidence needs to be supported.

-7 Services and Products:

Despite the capacity of the Iraqi market and the existence of a mass of a large supply of citizens and the existence of vast opportunities for investment,

.

And credit but we are noticing the banking activity and limiting it to very limited services and products

We affirm the need to develop plans for the activities, together with the goals and indicators, of the progress made in

These activities, and possibly the use of specialized offices in planning and services

and products.

While we are aware of the existence of some of the barriers and constraints that banks are facing, there are

of the questions and tools that can be overcome by these analyses and the experience of the countries that have passed

In difficult circumstances and talking about it but

It was an element

The bank's feudalism managed to achieve it.

A basis for its withdrawal and its width

To the services that touched the article

We are calling for an advance from the services of the farmers right down

27 of the Banking Act is more than 50 (service).

-8 double the role of oversight and internal control:

In controlling the actions and behaviors that

Some of the cartels in the banks play a role as well as their names

The bank, as well as the diffusion and dissemination of the laws and regulations on all the standards, as well as the prevention

Risks from the bank, such as internal control, risk management, compliance, washing

The money, the committee.

For the committee.

8

Unless associated with the availability of:

It is certain that the mere existence of such a chalkyat does not mean that there is any effect

is the most competitive in its own.

construction of the capacity and the establishment of the companies.

the existence of comprehensive evidence for its professors

the Departmental boards interact with their reports.

That while we value the fact that some banks did this in this matter through what we notice about the search

To support the performance of these units, we note that some banks have established those units just to respond

To the requirements of the central bank for the effects and interests of

The role of those cartels remained as Game and subject

The administration to make these banks lost the important dro the and the prevention and supply

The bank to all types of risks.

For those services its the source of reassurance for the operations in the banks

We give them a special

It means for us the presence of a representative of the central bank in the bank to check and correct and do what he seeks

Central bank, and the power and the information of those units gives the bank the trust of the cohabitants, especially the institutions.

And the banks of the worlds.

We affirm the need for the existence of programmes of support for those units, and we are ready to build

capabilities, and we value the Special Banking association's courses and workshops in these areas, and we call upon

To have it and to seek the donation of the slaves in those units, which are recognized as having been provided after the important requirement.

From another point of view, and for the purpose of promoting the role and metabolic integrity of those units in expressing opinions and observations, the bank

The central aim is to support and protect the identity of its slaves against any pressure or arbitrariness to the important and important.

-9 Al-Baniyat

To him:

Some banks deliberately do so to get their fingers, or to hide some of the salat or the tuners, or to

The commitment to the requirements of the central Bank is based on the need to be conducted

In the records in the register which is to be taken over or so from Advertissome accounts as

To do it

In the known account (projects under the exhaust).

(Projects under the Aegis).

9

Disclosure and accuracy of data and information are all the more accurate to determine the bank's situation and degree of commitment

Of all labour rules and requirements and the authority to preserve the rights of the shareholders, stakeholders and

The relationship is in and out of the bank, and the central bank has the right to perform its oversight role.

It will be responsible for irregularities, deviations or risks as well as the performance of the bank and thus its elevation.

It is noticeable that some of the banks are skew out of their own way to the point of view of it, which is an addition to what

We mentioned earlier, form a practice that weakens trust in the bank at all the level, so it's a waste of

Banks are very wrong with each other and that may lead to the withdrawal of bank leave as it happened

Really

and exchange companies and money changers because the basis of financial and banking work is trust, so we warn

and strongly the need to have the data and information that it will be put to it or the Bank of the export

And do not involve any or all of them or hide or conceal, and we affirm the need to move the side

Accounting and accreditation of the financial accounting and training of trained personnel for this purpose.

-10 Glab plans and Counterbalances:

Plans and budgets are the tools for planning and developing medium-sized targets.

And the range of extent and thus the initiatives and the projects and the other tools for follow-up, control, curving and in the light

Opportunities and speaking. And it is no doubt that the administrations can lead the organization to its own without being there

The Strategic plan outlines future features, steps and access programs.

To be aware of the bank's plans and budgets in some of the banks.

And the right of the squatters and cant be achieved or miracle and it is not possible to be a follow up and monitoring and performance

Deviations and advances are made for the purposes of the programme.

A word of his brother.

It has been a long time since the special banks have been in the years to reach the achievement of what they have set up

In the course of these years, a number of banks have been set up, as well as the size of the TASDS and the

Endure from exceptional circumstances, and therefore have not arisen to be a part of the rules and practices that have stabilized

Banking in most countries.

Now, after years of hostility, knowledge of opportunities, speaking and learning about the fundamentals of work

and its requirement and its requirement through various means, and its the efforts of the central bank to follow up and review and imagine

After all that, we must move to a very complex stage, to survive to prove success, progress and adherence to the rules

The work and the business and the other

The failure of one or more enterprises in other sectors does not harm the sector, such as the failure of a business or

Zoroastrian or health sector, but the failure of one or more banks in the banking sector

On the work of the entire sector, but on the whole of the socio-health situation, the effects of failure on

Of the citizen, on the basis of work and investment, and on economic activity and E.

G confidence in the banking sector in general

We have noted that the problem of al-Nabouleh is in the number of his plans on the whole

Limited sinks have created effects

The situation, and it was in the confidence and withdrawal

Due to the money from the banks even the chicken is out of it and the confusion of the operations

The right to withdraw and credit, and to be free of the money of the citizens, and the effects of the economics

His bank.

It is our call for the next phase to be a screening phase for the banking sector to strengthen its role

All of the sectors are in the best practice and risk-based.

We wish you progress and success

 

https://cbi.iq/static/uploads/up/file-15017481151265.pdf

[DWS112]

1 hour ago, Butifldrm said:

For an Iraqi banking sector

 

 Great translation of a long pdf

[Butifldrm]

This is the intro for the PDF from the CBI

 

 

 

 Currencies

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 Functions

  

 August 03, 2017

 

M / for a solid Iraqi banking sector

 

good greeting . . .

In order to improve the performance of the Iraqi banking sector, we seek to stimulate the best practices, and establish principles and rules that will achieve stability, progress and advancement, through our proactive, preventive and preventive control . The efforts of our formations, our inspection tours, our direct exposure to the conditions of the banks, and the reports of the external auditors reveal the detailed phenomena that require work to be addressed and rectified .

What we are quoting from this letter is a summary of what we have observed after careful reading of all our reports and our direct observation during our field visit to the banks .

I call for the need to review the contents of this letter by the boards of directors and executive departments and formations of banks, and auditors of the accounts, and hard work to take what they said where these phenomena are present in your banks .

We are confident that the chances of success and progress are open if there is the will and care, and in the interest of all .

 

With appreciation ...

 

                                                                                                                                                                                                                                                                                                                                        Dr.. Ali Mohsen Ismail     

Governor of the Central Bank of Iraq

 

The title of the study / for the Iraqi banking sector is worthy of download Click here

https://cbi.iq/news/view/344

[Boozer]

Just a limited # of Prostitutes are making deposits, just what are they Depositing,  

[ChuckFinley]

29 minutes ago, Boozer said:

Just a limited # of Prostitutes are making deposits, just what are they Depositing,  

Better be USD. 

[RJ45]