Saleh calls for establishing mechanisms to deal w/ the banks eliminate objectionable
Abadi economic adviser calls for "establishing mechanisms" to deal with the banks eliminate "objectionable"
Author: ASJ, HH
Editor: HH, NS
Long-Presse / Baghdad
He called Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, on Thursday, to develop mechanisms and procedures to deal with eliminating offending banks, while stressing the need not to download some banks are responsible for "customer errors and irregularities."
He said the appearance of Mohammed Saleh in an interview with (long-Presse), that "at the present time and in order to keep the banking sector and progress properly propose to hold a joint workshop between the government and the central bank, the judiciary and private banks to reach an agreement on dealing with banks and non-chargeable customer errors legal their wrongdoing, "noting that" holding a workshop with these parties it is possible to reach points of agreement on how to deal with the elimination of private banks in the event of a breach of that. "
Saleh added that "the government does not want the destruction of the banking system or the banking market as a result of the ambiguity and lack of understanding in the deal between the two sides eliminate the one hand and private banks, on the other hand," stressing the need "not to download some banks errors and customer irregularities because the latter is a must bear the consequences of error and not the bank, which is a broker. "
He said the Prime Minister for Economic Affairs Adviser, that "the separation of powers does not mean lack of interaction and cooperation between them to resolve such issues," calling Alsarv own to "go about Governance and separate management of private property, especially after he went on a foundation of more than twenty-five years gained which tests should take advantage of them. "
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed by ownership between 7 state banks and 23 commercial banks, including special (9) Islamic banks in addition to the 15 branches of foreign banks.