NEWSTIME WITH RCOOKIE and HUTCH Tuesday, September 6, 2016
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    NEWSTIME WITH RCOOKIE and HUTCH Tuesday, September 6, 2016



    hutch says(6:43 PM):
    SUBBY !!! WILL YOU START US OFF WITH ONE OF YOUR WONDERFUL PRAYERS, AND LETS REMEMBER DA58 IN YOUR PRAYERS ALSO, HE HAS HAD A ROUGH FEW DAYS


    subgirl says(6:43 PM):
    Dear Heavenly Father, we just want to say thank you for all you have given to us. Lord you have done so much for us, You give us life, love, laughter, and you gave us your only Son to die for us. And with that we are forever grateful to you. Father we pray that you would speak to us tonight and fill our minds with wisdom as we look into the investment we have all come for. Please be with Hutch/Rcookie/Mr White as they present news for us to hear. In Jesus precious we pray AMEN and AMEN!


    BGG says to hutch(6:43 PM):
    yes


    hutch says(6:45 PM):

    THANKS FOR THAT BEAUTIFUL PRAYER AS ALWAYS SUBBY !!
    THANKS MS MAGS FOR COPYING AND COLORING FOR US !!!


    subgirl says(6:46 PM):
    its all your now Mags

    subgirl says(6:46 PM):
    your welcome HUTCH


    hutch says(6:46 PM):
    HELLOOOO RCOOKIE !


    rcookie says(6:46 PM):
    HIYA MISS MAGS!!.....


    hutch says(6:46 PM):
    HI THERE MR WHITE !


    rcookie says(6:46 PM):
    HI SUNSHINE!!

    HI HUTCHSTER!!

    rcookie says(6:47 PM):
    LETS ROLL


    subgirl says(6:47 PM):
    PLEASE BE NICE TO OUR COPIERS AND MODS DURING NEWSTIME AND PLEASE WORK WITH US TO KEEP OUR QUESTIONS AND COMMENTS IN AN AREA OF WHEN WE ASK FOR QUESTIONS OR COMMENTS. ITS REALLY TOUGH ON THE COPIERS WHEN IT IS SCATTERED AND ALSO REQUIRES MORE TIME TO COLOR AND PRODUCE. IT IS ALSO HARD FOR OTHERS TO READ AT A LATER DATE. SO AGAIN PLEASE BE NICE TO THEM AND LETS KEEP THE COPY IN ORDER. THANK YOU FOR YOUR UNDERSTANDING!

    THIS IS NOT AN OPEN CHAT SESSION, IT IS NEWSTIME AND THE FOLLOWING RULES WILL BE USED. VIOLATORS MAY BE KICKED FOR 15 MINUTES. NOT FOLLOWING THE RULES IS DISRUPTIVE AND INTERUPTS THE THOUGHT PROCESS OF ALL ATTENDING NEWSTIME THAT ARE TRYING TO ASSIMILATE THE NEWS.

    PLEASE NOTE :
    NEWSTIME RULES APPLY : PLEASE REMEMBER TO PUT UP A ? WHEN ASKING A QUESTION AND THEN WAIT FOR A RESPONSE (PLEASE HAVE YOUR QUESTION READY) OR RESPOND WHEN AN “ANY COMMENTS” IS PUT UP. PLEASE BE RESPECTFUL ! IT MAKES THE COPIERS JOB EASIER. THANKS !!

    subgirl says to BGG(6:48 PM):
    aaawweee!!! lol thank you BGG!!


    jimplants says(6:48 PM):
    i backed over one with my loader

    jimplants says(6:49 PM):
    wait that was the tax man

    scottiegirl says to jimplants(6:49 PM):
    That's better.

    daytrader says to jimplants(6:49 PM):
    Good job!!!

    hutch says(6:50 PM):
    EVERYONE READY FOR THE NEWS ??

    HERE WE GO !


    Movack says(6:50 PM):
    (y

    LarryO says(6:50 PM):
    YES

    rcookie says(6:50 PM):
    HIT IT


    kalis says to hutch(6:51 PM):
    y

    hutch says(6:50 PM):
    ARTICLE 1

    Cabinet decisions today: to grant leave to employees full salary for five years and adjusted the general amnesty law and submit candidates for interior and defense on Thursday

    Tue, 06 Sep 2016 18:35:07
    Views: 1234

    Announced Prime Minister Haider al-Abadi, said Tuesday that he will present the candidates of the four ministries were still vacant in his government to the parliament next Thursday.

    Ebadi said in a press conference held after the Cabinet meeting, that "I will submit the names of candidates, including the interior and defense ministers to parliament if held next Thursday, and will not resort to quotas in the ministries of security, and we hope that there will be political stability to provide the candidates."

    And new bombing witnessed yesterday the Karrada district of central Baghdad, said al-Abadi, that "the bombing yesterday, is still under investigation."

    He pointed to al-Abadi, said that "the Cabinet discussed in its meeting, the amnesty law introduced an amendment to the bill to the House of Representatives, especially in the two paragraphs of those convicted of terrorism and cases of kidnapping and rape that do not understand why coverage of the law that sent the wrong messages to the terrorists."

    The al-Abadi, said the "popular crowd will take part in the liberation of the city of Mosul."

    On the request of the Iraqi Ministry of Foreign Affairs last month, the Saudi government has replaced its ambassador in Baghdad, Thamir Sabhan, the Prime Minister pointed out, he "heard this request in the media, but he stressed the ambassador interference in Iraqi affairs.

    Ebadi said, "Saudi ambassador interference in Iraqi affairs and this is unacceptable, and that his statements about the components and Iraqi issues is sound and that a defect in the diplomatic process."

    He revealed the prime minister to discuss the Cabinet today to give staff in government departments leave for five years with a salary my name completely, noting that it "would be calculated for the purposes of his retirement and the Council of Ministers agreed to it in principle."

    He stressed "the need to be a vote in the House of Representatives and transparent public issue of interrogation."

    The Cabinet approved the final revision of the draft budget for fiscal year 2017 Act. A statement by the Prime Minister's Office, said that "the Prime Minister Haider al-Abadi chaired Tuesday regular meeting of the Council of Ministers has approved a draft of the First Amendment to the law of the amnesty law and submitted it to the House of Representatives based on the provisions of Articles 61 item first and 80 the second clause of the Constitution."

    The statement said that "The Board approved the establishment of the Ministry of Finance decisively subject to reimburse the families of the martyrs of Karrada terrorist incident of compensation in addition to the General Secretariat of the Council of Ministers to prepare a proposed plan for the rehabilitation and reconstruction of the terrorist incident area in the Karrada Street and the competent authorities to adopt a strategic project for the development of the region."

    Cabinet also voted "on the project is given the employee a long vacation, which habitually Dqgah State Consultative Council and forwarded to the House of Representatives based on the provisions of Articles 61 and 80 first item the second clause of the Constitution."
    The statement pointed out that "the Council approved the establishment of the Ministry of Education to the implementation of the requirements in order to start the House Mesopotamia for printing," noting that "the Council of Ministers discussed a draft integrated direction in Basra province."

    LINK

    Read More :http://www.dinarupdates.com/showthre...tion-today-9-6

    OK...SO RECAP TODAY'S CABINET MEETING....

    4 REMAINING CABINET POSITIONS INCLUDING DEFENSE & INTERIOR PRESENTED THURSDAY...AND NOT RESORT TO QUOTAS...

    MADD SCOUT JUST BROUGHT THE ENTIRE STORY IN PRIOR TO LAUNCHING NT...

    YESTERDAYS NEW BOMBING IN KARRADA IS UNDER INVESTIGATION...

    1ST AMENDMENT TO GENERAL AMNESTY LAW COMPLETED CONCERNING 2 PARAGRAPHS CONCERNING KIDNAPPING & RAPE AND SENT TO HOUSE OF REPRESENTATIVES BASED ON PROVISIONS ARTICLES 61 & 80 OF IRAQI CONSTITUTION..

    DECIDED POPULAR CROWD WILL TAKE PARTICIPATE IN LIBERATION OF MOSUL OPERATIONS...

    AT REQUEST OF FOREIGN AFFAIRS MINISTER THE SAUDI AMBASSADOR SABHAN HAS BEEN REPLACED DUE TO INTERFERENCE IN IRAQI AFFAIRS...

    DISCUSSED THE DRAFT TO ALLOW THE STAFF OF GOV’T DEPARTMENTS THE OPTION FOR 5 YEAR LEAVE FOR EARLY RETIREMENT CALCULATION BUY OUT VACATIONS & NOMINAL SALARY...

    CABINET APPROVED FINAL REVISION OF 2017 BUDGET LAW...

    CABINET APPROVED KARRADA BOMBING MARTYR DISBURSEMENTS AND PROPOSED PLAN WITH PLANNING MINISTRY FOR STRATEGIC PROJECT RECONSTRUCTION OF AFFECTED KARRADA AREA...


    rcookie says(6:56 PM):
    SO WHICH OF THESE IS THE MOST INTERESTING AND/OR IMPORTANT...


    larrykn says(6:56 PM):
    CABINET APPROVED FINAL REVISION OF 2017 BUDGET LAW...

    rcookie says(6:57 PM):
    LOVE IT.......AND AFTER THEY HAVE AMENDED PER IMF SPECS....FOR REVENUE & EXPENDITURE REFORMS...

    AND 4 DAYS EARLIER THAN ORIGINALLY REPORTED..

    ALL OF ABADIS CABINET POSITIONS ON THURSDAY...

    HELLO.....


    jimplants says(6:59 PM):
    i love the bus driver

    larrykn says(6:59 PM):
    that completes the GOI , they really aren't doing much are they lol

    rcookie says(7:00 PM):
    ANYONE FIND IT INTERESTING THAT THEY ARE OFFERING EARLY RETIREMENT BUYOUTS WITH NOMINAL SALARY PAYOUTS...


    daytrader says to rcookie(7:00 PM):
    Job creation.

    Soonergirlie says(7:00 PM):
    yes, I did find that interesting, not much money availalbe and trying to pinch pennies

    speakwell says(7:01 PM):
    Almost like the US corporarions downsizing.

    rcookie says(7:01 PM):
    FOR 5 FIVE YEARS NOMINAL SALARIES AND THEN BE REASSIGNED TO ONE OF THE HIGH GROWTH SECTORS IF THEY RE-ENTER THE WORKFORCE..

    CUTTING BAIT....TRIMMING FAT...OFF THE STATE DALL

    REMEMBER 30-50% OF IRAQI STATE EMPLOYEES ARE UNNECESSARY.....

    AND PROVIDE 20 MINUTES OF PRODUCTIVITY OUT OF AN 8 HOUR WORK DAY

    NOT GONNA WALK THE DOG IN THE PRIVATE SECTOR...

    ANYTHING ELSE....

    THEY JUST GOT DONE FINALIZING THE PAYOUTS FOR THE KARRADA BOMBING MARTYRS

    AND RECONSTRUCTION PLANS & COSTS...

    AND THERE WAS ANOTHER KARRADA BOMBING....50 CASUALTIES SO FAR...

    AND....PESHMERGA AND POPULAR TAKING PART IN MOSUL OPERATION..

    CANT TELL THE PLAYERS WITHOUT A PROGRAM!!...

    SAUDI AMBASSADOR IS OUT..


    rcookie says(7:08 PM):
    AND LASTLY....THEY GAVE PARTICULARS ON AMNESTY LAW STATUS... THE AMENDMENT CONCERNING KIDNAPPING & RAPE IS DONE AND MOVED TO HOUSE...THERE IS ANOTHER ARTICLE BEING WORKED ON..
    THEY REFER TO ARTICLE 61 & 80 OF CONSTITUTION



    hutch says(7:10 PM):
    WOW !

    ANY QUESTIONS OR COMMENTS ?????


    larrykn says(7:10 PM):
    ?

    hutch says to larrykn(7:11 PM):
    GO LARRY !


    rcookie says(7:11 PM):
    BRING IT LARRY


    larrykn says(7:11 PM):
    they were talking about putting Amnesty law in the Gazette in a day or 2 is this why they are holding it off

    cjquade54 says(7:11 PM):
    ?

    rcookie says(7:12 PM):
    YES....SO RATHER THAN RESCIND THE ENTIRE LAW...THEY ARE ADDING AMENDMENTS PRESENTED SEPERATELY AND THEN WILL POST NEW LAW WITH AMENDMENTS IN GAZETTE..


    hutch says to cjquade54(7:12 PM):
    GO


    cjquade54 says(7:12 PM):
    just got in and saw 2017 budget approval. Is that it now or does it need further discussion and approval?

    Elane says(7:13 PM):
    ?

    hutch says to Elane(7:13 PM):
    HANG ON PLEASE


    rcookie says(7:13 PM):
    NO..THAT IS THE AMENDED 2017 BUDGET LAW WITH ALL IMF SBA REFORM REQUIREMENTS....


    cjquade54 says(7:13 PM):
    so it's done?

    rcookie says(7:13 PM):
    READY AND WAITING...


    hutch says to Elane(7:14 PM):
    GO..... AND THANKS FOR LETTING US KNOW ABOUT DA EARLIER TODAY !


    Elane says(7:14 PM):
    This Thursday?

    Elane says(7:14 PM):
    of course Hutch

    cjquade54 says(7:14 PM):
    excellent ty

    rcookie says(7:14 PM):
    YEP...


    Elane says(7:14 PM):
    RC.... I could just KISS YOU

    rcookie says(7:14 PM):
    WOW!!


    Elane says(7:15 PM):
    lol Im old enough to be your mama

    hutch says(7:15 PM):
    OK..... ON THAT NOTE.... LETS MOVE TO THE NEXT ARTICLE.... SHALL WE ?


    Elane says(7:15 PM):
    Just grateful

    rcookie says(7:15 PM):
    HUTCH = JEALOUS...


    larrykn says(7:15 PM):
    is RC turning red

    hutch says(7:15 PM):
    THATS RIGHT ! LIKE RODNEY DANGERFIELD.... NO RESPECT !

    hutch says(7:16 PM):
    ARTICLE 2

    Allawi: Keywords ineligible for the management of the Central Bank of Iraq

    Allawi: Keywords ineligible for the management of the Central Bank of Iraq

    By Adnan - September 5.20160277

    Treasures Media / Baghdad
    Confirmed by former Secretary of Communications Mohammed Tawfiq Allawi, said Governor of the Central Bank of Iraq on the Keywords, does not know how the bank manages under these tough economic conditions, noting that "Iraq is moving toward a serious economic cliff.
    Allawi said in a televised interview with the satellite channel of the Tigris and followed the "Treasures of the Media" that, by holding the economic file in Iraq is Mahliyn people, explaining that "these primitive ideas have delivered the Iraq to the economic level of the shallow and the next worst.
    Allawi added, "has asked the Governor of the Central Bank" on the Keywords "in an earlier time, if it was not able to respond to the economic plight of Iraq, he left to work for this economic detailed important, entrusting the job to people who are competent, have the ability to draw a successful financial and economic policy to meet the challenges that gripped the country.
    Allawi pointed out that "the central bank governor is not qualified to lead this great post, pointing out that" is in a valley, fiscal and monetary policy in the last ravine.


    rcookie says(7:17 PM):
    SO...HERE ANOTHER VOTE OF NON CONFIDENCE FOR ALAK...THIS TIME COMING FROM ALLAWI...


    hutch says(7:17 PM):
    GOOD OLE ALLAWI !


    rcookie says(7:18 PM):
    NOW...HES THE RODNEY DANGERFIELD....


    hutch says(7:18 PM):
    EXACTLY !!!


    rcookie says(7:18 PM):
    CALLS THE IDEAS...STRATEGIES AND ACTIONS PROPOSED BY CBI TO BE PRIMATIVE AND INEFFECTIVE AT CONTROLLING THE STABILITY OF THE IQD AND NEED HIGHER QUALIFIED PEOPLE TO IMPLEMENT FINANCIAL AND ECONOMIC POLICY TO MEET THE CHALLENGES OF THE COUNTRY....

    DISAGREE WITH PART 1.. AGREE PArt 2

    WE HAVE SEEN THESE SAME STATEMENTS ABOUT ALAK...AND PREDICT HIS REPLY

    IT IS NOT THE JOB OF THE CBI TO BAIL OUT THE DYSFUNCTIONAL AND TOXIC MISMANAGEMENT AND CORRUPTION OF THE GOI...

    AND THE CBI IS FORCED TO INDIRECTLY PLUG THE DEFICIENCIES IN THEIR BUDGET SHORTFALLS AND THEN GET FINGER POINTING AND ACCUSATIONS ASKING WHERE HAVE ALL THE RESERVES GONE....

    HILARIOUS..

    NOW...THE QUESTION AS TO HIS QUALIFICATIONS..


    jtank says(7:22 PM):
    yes

    rcookie says(7:23 PM):
    THERE ARE 15 MANDATED HIRES IN THE NEWLY FORMED EXECUTIVE AML/CFT DEPARTMENT ALONE...

    NO MORE CBI BOARD MEMBERS ALLOWED ON THE AUDIT/REVIEW BOARD...........WHOLE NEW WAY OF DOING BUSINESS WITH ACCOUNTABILITY AND TRANSPARENCY...

    WE JUST WENT OVER THE ENTIRE BANKING SUPERVISION REFORMS FROM THE 2016 LOI/MEFP/TMU WITH ALL OF THE DEADLINES....TELLS YOU EXACTLY WHEN THEY WILL BE HIRED AND IN PLACE BY....

    PERFECT TIMING FOR CHANGE OUTS ACROSS THE BOARD IF THAT IS THE PLAN...


    hutch says(7:26 PM):
    MORE GOOD STUFF !!!


    rcookie says(7:26 PM):
    MOTIVE & OPPORTUNITY...


    hutch says(7:27 PM):
    SEEMS THAT IT IS......
    ANY QUESTIONS OR COMMENTS >
    MORE GOOD STUFF !!!


    subgirl says to hutch(7:27 PM):
    GO lol


    rcookie says(7:27 PM):
    GO HUTCHSTER

    LOL


    subgirl says to rcookie(7:27 PM):


    SRW says(7:27 PM):
    ?

    hutch says(7:27 PM):
    NO YOU GOOFS I DIDNT GET THE ? UP !

    hutch says to SRW(7:27 PM):
    GO


    rcookie says(7:28 PM):
    NO...ELANES # IS TOP SECRET...


    SRW says(7:28 PM):
    Who in your opinoin would replace Alak? Rcookie

    hutch says(7:28 PM):
    THE TOP PICK JUST DIED


    Nomad says(7:29 PM):
    ?

    SRW says(7:29 PM):
    Yes the question is for Rcookie

    hutch says(7:30 PM):
    OK...... SORRY I KEEP FORGETTING THAT IM JUST A MOD


    rcookie says(7:30 PM):
    THE DEPUTY GOVERNOR THAT JUST DIED WAD THE LEADING CANDIDATE ALWAYS TALKED ABOUT WHEN REPLACING ALAK....SO NOW.....GREAT QUESTION...


    hutch says to Nomad(7:30 PM):
    HANG ON PLEASE

    hutch says to Nomad(7:31 PM):
    GO


    Nomad says(7:31 PM):
    Who was that...that died?

    Nomad says(7:31 PM):
    question asked and answered...thanks

    rcookie says(7:31 PM):
    ILL BRING YOU HIS NAME


    Nomad says(7:32 PM):
    ?

    rcookie says(7:32 PM):
    AKBAR IS HIS NAME..
    .

    hutch says to Nomad(7:32 PM):
    GO


    rcookie says(7:32 PM):
    WAS


    Nomad says(7:32 PM):
    What about Shabibi?

    rcookie says(7:33 PM):
    HES LIKE 112


    cjquade54 says(7:33 PM):
    73

    daytrader says to rcookie(7:33 PM):
    July, 1941

    rcookie says(7:33 PM):
    AND BESIDES WHO IS MR WHITE GOING TO WORK OUT WITH...


    Nomad says(7:33 PM):
    comment

    larrykn says to rcookie(7:33 PM):
    not that old

    SRW says(7:34 PM):
    ?
    Saleh?

    hutch says to Nomad(7:34 PM):
    GO


    rcookie says(7:34 PM):
    I KNOW...BUT I AM NOT A SHABS THEORIST...AT ALL...


    Nomad says(7:34 PM):
    but the smartest guy on the block

    hutch says to rcookie(7:34 PM):
    THERE ARE SOME HERE THAT ARE

    HE'S TOO HAPPY WHERE HE IS


    rcookie says(7:35 PM):
    WHY THERES CHOCOLATE & VANILLA...


    loop says(7:35 PM):
    Shabibi has a plush position with the IMF. He will not be back as the GOV of the CBI

    hutch says to rcookie(7:35 PM):
    READY FOR NEXT ONE ?


    rcookie says(7:35 PM):
    BRING IT..


    hutch says(7:36 PM):
    ARTICLE 3

    Legislation «Basel» operating environment for banks

    September 6, 2016
    in the media center , articles comments on the legislation «Basel» operating environment for banks closed

    index
    I talked on several occasions, particularly in the words and lectures that I gave during Trasa Union of Arab Banks , About the need to take the privacy of Arab Banks conditions into account when applying the international legislation, including legislation «Basel 2 and 3».

    We recognize that «the Basel Committee» subjected to international standards for the broad consultations with regulators and financial institutions before they are issued, however, it can not be for the Commission to accommodate all the comments and suggestions that link to it. Therefore, they usually give some flexibility on the application of standards both in terms of scale and in terms of deadlines.

    We noticed one in particular through seminars and conferences held under the umbrella of the Union of Arab Banks or other authorities, that the fundamental aspect of the palaces is going on international legislation, including legislation «Basel», and limits their ability to accommodate the peculiarities and characteristics of countries where it is applied, which is that this legislation is not incorporation have explained and justified in theory in a comprehensive and integrated, ie they take the operational side rather than the conceptual and institutional side, what makes them linked to and affected by a specific operational environment is the environment that have been developed in which, while overlook other operating environments that will apply the properties. While the development of the conceptual and institutional framework for such legislation, making it the premises or guidelines are applied according to different banking environments.

    Here we differentiate between legislation that are formulated at the level of each country, in this case should be subject to the operational environment which will be issued in, and between international legislation, which will be circulated to all countries, and here we must conceptual framework put her as guidelines In order take into account when applied to local operating environments for different countries when applied.

    But if we look at the subject of banking legislation at the local level, we see that the banking environment is ultimately a social context consists of under control (banks), regulators (central banks), and the shareholders, depositors, creditors and the general public. Also, this environment is governed by a set of inputs such as technology and the human element of social and political, economic and cultural situation prevailing ... .etc.

    For example, when the central bank to put any legislation on job banks, it inevitably will be affected by the technological infrastructure has in banks, banking and merit, and political and social situation, the economic and strategic objectives. These in turn are affected by the political and institutional structure of the country as a whole.

    In addition, any defect or failure in one of the surrounding elements or some of them in turn will affect the banks of the legislation laid down an application by the central bank, and is likely to lead to a negative impact on another category, such as depositors in case of bank failures to remain able to pay He has liquidity.

    Both the banks and the regulators look at the legislation and banking supervision in a different form the other. Banks consider legislation and interact with them from the perspective of maximizing profits, and increase the governor of lending and investment, and increase market share, and thus superiority over its competitors, and attract more deposits, and so on.

    The priorities set by the executive departments of the banks to their goals you want to achieve from such legislation will vary depending on the culture of its Board of Directors and executive management, vision and philosophy albeit mostly involved in almost the same goals.

    On the other hand, central banks look at the legislation, you develop from the perspective of the overall political and economic environment, the protection of the country, as well as to reassure the public to avoid panic and lack of confidence in the political and economic order.

    Therefore, the regulatory bodies that put legislation should not be limited to the study of the achievement of the goals that look at it from the angle for even those banks expect to achieve as well. And not only that, but on the surrounding banks and that have already been mentioned, such as technological and human development and resources, social and political climate and the economic situation, in order to be successful provision of kits and its factors for the application of the legislation as much as possible operating environment familiarize central banks.

    We conclude from the foregoing that the development of legislation at the local level should be seen as the operating environment, while at the international level should not focus on a particular operating environment, and should not restrict our consideration when placed on a set of equations and sporting rules and relationships and effectiveness to achieve a set of goals set by the authorities regulators, which could not be explained by one or two theories. It can not be justified on the back of only one officer, such as economic and operational characteristics of the environment, because it would be varying between one country and another.

    When the supervisory authority in the country to apply international legislation such as the decisions of the «Basel» should be taught the application of this legislation in the context of the unique cultural features of the operating environment for banks in the country. In addition, the institutional characteristics within each country should be seriously considered by the banking supervisory authority, before the imposition of international legislation specifics in this country.
    Adnan Ahmed Yousif

    Read More :http://www.dinarupdates.com/showthre...-for-banks-9-6


    rcookie says to loop(7:39 PM):
    SO HERE IS SOME REPORTING ON ARAB BANKING AND BASEL 2 & 3 COMPLIANCE...

    rcookie says(7:39 PM):
    THEY POINT OUT THE FLEXIBILITY IN APPLYING REGULATIONS...SIMILAR TO WTO ACCESSION AND ARTICLE VIII OBLIGATION ACCEPTANCE WHERE WE SEE THAT AS OPPOSED TO WHAT SOME GURUS IMPLY...IS NOT A RIGID...PAROCHIAL MINDED SET OF STANDARDS WHEREBY YOU ARE EITHER IN OR OUT...

    THEY CONSIDER THE CONCEPTUAL SIDE AS WELL AS OPERATIONAL SIDE AND REALLY GIVE PRIORITY TO THE LOCAL OPERATING ENVIRONMENT IN APPLYING THESE STANDARDS...

    THEY ARE OUTLINING THE DIFFERENCES BETWEEN THE BANKING LEGISLATION THAT WILL IMPACT THE LOCAL AND INTERNATIONAL LEVELS...AND HOW THEY WILL INTERPLAY...AND THEIR CENTRAL BANKS ROLE TO IMPLEMENT POLICIES THAT REASSURED THE PUBLIC AND AVOID PANIC...


    hutch says(7:42 PM):
    ANY QUESTIONS OR COMMENTS?


    hutch says(7:44 PM):
    OK..... LETS OPEN UP THE ROOM FOR AN OPEN Q&A BRING THEM ON !!!!!!


    jimplants says(7:44 PM):
    GREAT NEWS and even better news for me the tax man has agreed to my proposal so i need to go and move the loader off of him so he can climb out of that hole and sign off on the paper work! good night everyone

    rcookie says to jimplants(7:44 PM):
    GN JIM....


    Holly1 says to jimplants(7:45 PM):
    SLEEP SWEET MY FRIEND

    jimplants says(7:45 PM):
    thank you all be blessed

    rcookie says(7:45 PM):
    What is 'Basel II'
    Basel II is a set of international banking regulations put forth by the Basel Committee on Bank Supervision, which leveled the international regulation field with uniform rules and guidelines. Basel II expanded rules for minimum capital requirements established under Basel I, the first international regulatory accord, and provided framework for regulatory review, as well as set disclosure requirements for assessment of capital adequacy of banks. The main difference between Basel II and Basel I is that Basel II incorporates credit risk of assets held by financial institutions to determine regulatory capital ratios.

    BREAKING DOWN 'Basel II'
    Basel II is a second international banking regulatory accord that is based on three main pillars: minimal capital requirements, regulatory supervision and market discipline. Minimal capital requirements play the most important role in Basel II and obligate banks to maintain minimum capital ratios of regulatory capital over risk-weighted assets. Because banking regulations significantly varied among countries before the introduction of Basel accords, a unified framework of Basel I and, subsequently, Basel II helped countries alleviate anxiety over regulatory competitiveness and drastically different national capital requirements for banks.


    hutch says(7:46 PM):
    ONCE MORE FOR Q&A?


    rcookie says(7:47 PM):
    Minimum Capital Requirements
    Basel II provides guidelines for calculation of minimum regulatory capital ratios and confirms the definition of regulatory capital and 8% minimum coefficient for regulatory capital over risk-weighted assets. Basel II divides the eligible regulatory capital of a bank into three tiers. The higher the tier, the less subordinated securities a bank is allowed to include in it. Each tier must be of certain minimum percentage of the total regulatory capital and is used as a numerator in the calculation of regulatory capital ratios.

    Tier 1 capital is the most strict definition of regulatory capital that is subordinate to all other capital instruments, and includes shareholders' equity, disclosed reserves, retained earnings and certain innovative capital instruments. Tier 2 is Tier 1 instruments plus various other bank reserves, hybrid instruments, and medium- and long-term subordinated loans. Tier 3 consists of Tier 2 plus short-term subordinated loans.

    Another important part in Basel II is refining the definition of risk-weighted assets, which are used as a denominator in regulatory capital ratios, and are calculated by using the sum of assets that are multiplied by respective risk weights for each asset type. The riskier the asset, the higher its weight. The notion of risk-weighted assets is intended to punish banks for holding risky assets, which significantly increases risk-weighted assets and lowers regulatory capital ratios. The main innovation of Basel II in comparison to Basel I is that it takes into account the credit rating of assets in determining risk weights. The higher the credit rating, the lower risk weight.

    Regulatory Supervision and Market Discipline
    Regulatory supervision is the second pillar of Basel II that provides the framework for national regulatory bodies to deal with various types of risks, including systemic risk, liquidity risk and legal risks. The market discipline pillar provides various disclosure requirements for banks' risk exposures, risk assessment processes and capital adequacy, which are helpful for users of financial statements.

    Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. The Basel Committee on Banking Supervision published the first version of Basel III in late 2009, giving banks approximately three years to satisfy all requirements. Largely in response to the credit crisis, banks are required to maintain proper leverage ratios and meet certain minimum capital requirements.

    BREAKING DOWN 'Basel III'
    Basel III is part of the continuous effort to enhance the banking regulatory framework. It builds on the Basel I and Basel II documents, and seeks to improve the banking sector's ability to deal with financial stress, improve risk management, and strengthen the banks' transparency. A focus of Basel III is to foster greater resilience at the individual bank level in order to reduce the risk of system-wide shocks.
    Minimum Capital Requirements
    Basel III introduced tighter capital requirements in comparison to Basel I and Basel II. Banks' regulatory capital is divided into Tier 1 and Tier 2, while Tier 1 is subdivided into Common Equity Tier 1 and additional Tier 1 capital. The distinction is important because security instruments included in Tier 1 capital have the highest level of subordination. Common Equity Tier 1 capital includes equity instruments that have discretionary dividends and no maturity, while additional Tier 1 capital comprises securities that are subordinated to most subordinated debt, have no maturity, and their dividends can be cancelled at any time. Tier 2 capital consists of unsecured subordinated debt with an original maturity of at least five years.


    hutch says(7:48 PM):
    WE WOULD LIKE TO THANK MR & MRS BGG, ALONG WITH ALL OF THE MODS, COPIERS AND NEWS RESEARCHERS FOR MAKING DINAR UPDATES YOUR BEST SOURCE FOR DINAR NEWS !!
    BE SURE TO TUNE IN TOMORROW NIGHT FOR A CALL, WITH OUR SPECIAL “MOD” GUEST!


    subgirl says to hutch(7:49 PM):
    yyaayy!!!


    rcookie says(7:49 PM):
    THANK YOU EVERYONE FOR A GREAT NT!!...


    1bobby says(7:49 PM):
    Thank you

    hutch says(7:49 PM):
    THANKS MS MAGS FOR COPYING AND COLORING ! THANKS SUBBY FOR ALL OF YOUR HARD WORK !! HAVE A GREAT NIGHT EVERYONE !!!!


    rcookie says(7:49 PM):
    THANK YOU SO MUCH MISS MAGS AND SUBBY!!


    Elane says(7:49 PM):
    Thankyou everyone...

    rcookie says(7:49 PM):
    HUTCHSTER....YOU ROCK BROTHER!!!


    subgirl says to hutch(7:49 PM):
    thank you HUTCH for all your hard work!!! sure appreciate you and all you do for our site!!!


    larrykn says(7:50 PM):
    thank you guys , you all did a great job

    bubbles says(7:50 PM):
    thank you

    subgirl says to rcookie(7:50 PM):
    thanks for all the news you bring in... Sure appreciate you too


    rcookie says(7:50 PM):
    GREAT QUESTIONS...COMMENTS AND CONVERSATION DU!!....THANK YOU!!...


    Brian09 says(7:50 PM):
    .....as always - Great Appreciation and Thanks for the Spectacular Team effort here at DU!!!

    Nomad says(7:50 PM):
    Nomad: I was still trying to digest the Basel Information.

    Holly1 says(7:51 PM):
    RCOOKIE YOU ARE ONE AWESOME PERSON TYVM .. DAY IN DAY OUT ... WE LOVE YA

    rcookie says(7:51 PM):
    RIGHT BACK AT YA HOLLY!!........TYVM...


    SRW says(7:52 PM):
    Thanks DU!! Great Team!!

    Nomad says(7:52 PM):
    Thank you one and all...and a very good night!

    rcookie says(7:52 PM):
    BBIAB


    Holly1 says to rcookie(7:52 PM):
    AND COWBOY HUTCH ... TAKING THIS TIME WITH US ... KNOWING WHAT A BUSY MAN HE IS TY COWBOY HUTCH

    eman4u55 says(7:52 PM):
    is there a call later

    Holly1 says to rcookie(7:53 PM):
    SHUCKS THIS SITE JUST ROCKS

    hutch says to eman4u55(7:53 PM):
    NO


    eman4u55 says(7:53 PM):
    thx

    Brian09 says(7:53 PM):
    Hutch, RCookie, Holly, Subby and the whole team - Thank YOU!!!

    hutch says to Holly1(7:53 PM):
    COWBOY ???


    Marilynjoy says(7:54 PM):
    Is Iraqs calendar and fiscal year the same dates?

    magnetlady says(7:54 PM):
    Thanks to you RCookie and Hutch for bringing us all the news each and every day

    Last edited by magnetlady; 09-07-2016 at 01:59 AM.



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