Smiralnasiri: calls on banks to implement the central bank 's plan to reform the bank
Smiralnasiri: calls on banks to implement the central bank 's plan to reform the banking of 2017
Views 17 Date 12/20/2016 - 10:45
Economy News / Baghdad ...
Called Almscharalamsrvi Samir Nasiri, the need for the private banks in cooperation with the Central Bank of Iraq in the implementation of its strategic plan in its second year in 2017 by contributing to the achievement of financial stability, financial inclusion and the development of the banking business is structurally and technically and activation of the central bank initiative to finance small and medium enterprises, and the development of a proactive plan shift the collapse of some banks defaulted, and enhancing the sustainability of the banking business in the wheel under the current circumstances, suggesting a systematic comprehensive banking reform with the strategic outlook of the Central Bank until 2020.
He pointed out that the increase in credit and financing from banks and activate their contribution to various aspects of reconstruction and investment and push the development process and moving the economic cycle, require the activation of the financing of small and medium-sized private enterprises as an objective social and economic. »
He stressed the importance that the Central Bank of Iraq «supervisory and regulatory role effectively in it, to take initiatives to develop and expand and facilitate the conditions for granting loan guarantees encourage banks to interact with the initiative in a real and in order to achieve its goals centralization.
The student-Nasiri told the "Economy News" activate the coordination procedures between fiscal and monetary policies and their calendars and the adoption of mechanisms of action are active economic cycle, and considered that the current phase taking place in the national economy «require from the central bank and the Ministry of Finance analysis of the current financial position of the banks and Ntayj its business for 2016 and projected 2017 and determine the actual need for liquidity to sustain cash trading in the Iraqi market.
And it saw the need to «Modify banking legislation governing the banking business aimed at promoting their betterment, specifically bank laws Alrkza banks, and record companies, and the Iraqi Stock Exchange and the Financial Securities as well as a legal activation of anti-money laundering and terrorism financing and investment.»
He urged the «expedite the issuance of the SME Act, which helps to create new jobs and reduce poverty and destitution, and the high unemployment rate, which exceeded 28 percent, in addition to the deposit guarantee legal issue».
Not overlooked «activating the role of government and specialized private banks to provide soft loans to the private sector, and find solutions to the problems of taxes and accrued interest of the stalled production for entrepreneurs solutions.» He stressed the need to «put short- and medium-term fiscal policy based proactive monitoring, audit and calendar, to continue coordination between fiscal and monetary policies, and the development of operational mechanisms in this area.»
He concluded Alnasiri statement commending the step of the Central Bank of settling the salaries of staff in banks and deal with the financial authorities of international control over the fight against money laundering and terrorism financing and blessed efforts by the Iraqi private banks association in the training and qualification of cadres Banking in connection with the application of the rules and regulations and international standards for compliance and anti-money laundering operations, where It graduated 57 certified and competent employees in this area for 2016, stressing cooperation with the Finance Committee in the House of Representatives approve the addition of a single banking experts representative of the Association of banks and a member of the Committee as an adviser to contribute to the Committee from making decisions banking effective to repair the banking sector.
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