Need to restructure the banking sector through the development of regulations and laws by the Central Bank

Banker: the need to restructure the banking sector through the development of regulations and laws by the Central Bank

Date: 28/08/2012 06:38:22 Tuesday

Baghdad (news) .. Called banking expert Mohsen Ali to restructure the banking sector through the development of regulations and laws by the Central Bank on the Iraqi banks and they need to apply because some banks operate without controls what affected the economic activity and lost the trust of the public.
said Ali (of the Agency news): Although The private banks operate obsolete new imposed by the central bank but routine still prevalent in their work and some of them facing great difficulties at work because they operate without legal controls, pointing to the existence of banks declared bankruptcy, which affected the economic activity and lost the trust of the public. added: on Central Bank to put new controls on banks and force them to be applied to organize their work and banks offense impose sanctions for up to fines large order Tntam work. mentioned that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed according to ownership between (7) Banks and government (30) Al Ahli Bank, including (7) Islamic banks, in addition to (6) of foreign banks. / end / 8. n. p /
Source: ikhnews