Restructuring of banks supporting investment

[yota691]

Restructuring of banks supporting investment

 

 

         

2/10/2014 0:00 

An invitation to form joint committees to monitor the performance 

of Baghdad Farah pumice 

in order to establish a sound banking system contributes to the process of construction and investment, has become an urgent need to take the restructuring of the banking reality and controls him, especially the private sector. 

economic expert on behalf of Jamil stressed in this aspect to reduce the process of slaughter banks after the fact of mistakes, leading to a negative impact on investment and foreign investor, calling on the central bank to take into consideration what Tdmh these banks from shareholders and depositors, along with members of the Board of Directors or the shareholders, the largest share. 

added beautiful in a statement the "morning ", that" the decisions of guardianship or control the private banks by the central bank may have hurt depositors, as it is paid Mbalghm in small quantities and long periods of time, which is suffering affect the reputation of the banks and in the confidence of these depositors, customers and shareholders in the Iraqi market for securities ", urging the Meanwhile the Association of Banks to provide support in protecting the rights of the applicant and the citizen, and to address the situation of these banks before the accumulation and having to put guardianship or control them, especially given that the conditions of the shares of those banks has deteriorated in the stock market. 

Regarding the reasons that lead to the development of the custody of a number of banks Private, refer expert so to accumulations of mistakes for many years did not mention her or been alert them, the according to the scrutiny required level, so to be called confidence reciprocal to the public in order to avoid contractions large deposits which weakens the banking system and thus economic activity, as in experiments Netherlands and the United States. 

also pointed beautifully to the need to form joint committees to monitor the work of banks, especially given that the mechanism used is to appoint a representative for the central bank in each bank called (Compliance Officer), as watching the mistakes and problems and obstacles, and stand up then and alarm them, and then deliver them to the Central Bank . 

, but the expert stressed the importance of careful monitoring of efficient, fair and deliver the information to the competent authorities to take appropriate action, alerting banks so and to prevent the development of trusteeship, where you need to follow the concerned authorities, a central bank, the registrar of companies, the Commission and the Iraqi market for securities, and the Ministry of Finance , and put control of them to protect the depositor and shareholder in these banks.

 

[moneysoon]

Compliance officers....now they are getting ready to get their proverbial house in order. They are getting ready to answer the stability and security question for ALL sectors.

[MyLadiesDaddy]

Yes sir brother, this is exactly what is needed.

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ETD