Finance parliamentary: the need for new legislation for banks to develop their work
Finance parliamentary: the need for new legislation for banks to develop their work
16:37 11/15/2013
Baghdad – and babysit – a member of the Finance Committee noted the MP Hassan al-Bayati, the need for new legislation for banks keep pace with the evolution of international banks to develop the work of local banks.
Bayati said in a press statement on Friday that “amend the Banking Act of 2004 does not suffice that suffers from a lot of legal gaps that impede the work of local banks, especially in the use of modern technologies in the field of banking.”
He added, “The banking sector needs to be new legislation keep pace with the current stage, which saw global banks from which significant developments in their work in addition to turning the Iraqi economy to a free market economy, this requires special laws commensurate with these changes” … p / i
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