Posts Tagged ‘Federal Deposit Insurance Corporation’

A bank expert: local banks and its growing need for amendments

Posted: February 2, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Date: 2013-02-02 11: 32: 48 Saturday

Baghdad (newsletter). Banking expert said Mohsen Ali, that NCB continued growing their capital because of the increase in the size of their deposits, the banks amendment Bill for the support and advancement of the banking sector.

Ali (News Agency): the annual reports issued by the Central Bank indicates that private banks in continuous growth and has made a significant contribution to the development of the national economy through the financing of investment projects in all economic sectors. (more…)

Member: Finance Committee plans to hold a special conference to develop the banking sector with the participation of international partners

Posted: January 22, 2013 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Date: 13/01/22 07: 28: 23 Tuesday

Baghdad (newsletter) … Finance Committee Member said a Deputy from the Kurdish Coalition bloc//Risalat Najib, the intention of its Special Conference for the development of the banking sector with the participation of international partners and bankers.

Najib said (News News Agency): the parliamentary Finance Committee on the convening of a Special Conference of the banking sector in cooperation with international partners to promote and develop the Iraqi banking sector to public subnet entry area and amend legislation. (more…)

Call for the establishment of specialized banks

Posted: December 22, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

 Baghdad / agencies confirmed member of the Finance Committee in the House of Representatives Hassan al-Bayati, the importance of establishing specialized banks to support economic sectors Kalsnaaah and agricultural development in the country.
(more…)

Assurances in the absence of banking strategies for our banks

Posted: October 2, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

01/10/2012

BAGHDAD / JD / .. The Director of Statistics and Research at the Central Bank of Iraq and Walid Idi Abdul Nabi absence strategies banking actors and detailed plans annual prescribed by the Banking Act not dominated banks. (more…)

Iraq will be at the forefront of polarized to invest in the near future

Posted: September 19, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Morning newspaper

Said Deputy Prime Minister for Economic Affairs Rose Nuri Shaways that Iraq will be at the forefront of polarized to invest in the near future.

said Shaways in a speech to the Conference and Exhibition on banks and financial and investment in Iraq in London: “The efforts are still intense to improve the performance of banks in Iraq to be of help in achieve investment and development programs in light of the expected increase in revenues from oil exports, which will hopefully be up to (6) million barrels in 2017 (an increase of more than double what it is now – the year 2012), and it certainly will use the bulk of these revenues to cover the needs of the citizen Iraqi who is still suffering from a lack of infrastructure services in many facilities. ” (more…)

Member: Finance Committee planned to amend the Banking Act in the Iraqi banking sector support

Posted: September 14, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Date: 2012-09-14 12: 45: 02 Friday

Baghdad (News) … Member of the Finance Committee/National Alliance Deputy/Secretary of Hadi, the intention of the Committee to amend the Banking Act as support and development of the banking sector by adding new proposals and deleted some paragraphs that impede the work of Iraqi banks. (more…)

Association of Iraq Banks: Proposal to tax private bank accounts

Posted: August 5, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Association of Banks: Iraqi’s renew fears of statement of accounts for customers

05/08/2012

BAGHDAD / JD / .. renewed association of private banks in Iraq claim the GCT to reconsider a proposal to provide private banks with information on the accounts of customers of private banks in order to impose a tax on capital. (more…)

Banks, civil plans to set up a fund to finance development projects

Posted: July 28, 2012 in Iraqi Dinar/Politics, Top Headlines
Tags: , , , , , , ,

Central Bank of Iraq announced on “orientation of private banks to set up a fund from the surplus of their funds to support and fund development projects in Iraq.”

The deputy governor of Bank of the appearance of Mohammed Saleh, said today that “the private banks, the process of establishing a special fund to lend to projects as development projects and housing construction after making amendments to the laws of Iraqi banks soon.” (more…)

Expansion of the banking business requires serious in the adoption of sophisticated banking systems

Posted: July 7, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

07/07/2012 2:37

Because it is the most important joints of promoting the private sector

stressed an economist to keep up with the Iraqi banks of the technical developments witnessed by the world in the employment sector bank, pointing to the importance of the services provided by banks to the citizen and the economy and public life. (more…)

Director of the Association of private banks called for new legislation regulating the work of banks

Posted: February 17, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

On: Friday 17/02/2012 14:20

Baghdad (news) .. student director of the Association of private banks Abdul Aziz al-Hassoun to amend the Banking Act or new legislation to regulate the work of private banks in Iraq.

Hassoun said in a statement to the Agency (news) Friday: The law of the current Iraqi banks no longer meets the needs of banks in the application because we noticed there are some paragraphs need to amendments or additions.

Hassoun said: There are differences of some paragraphs of the current law by private banks, which confused her and made him a regular, in addition to Islamic banks are still operating without a legal code of its own and this is what makes the work there is chaos in the Iraqi banking. (more…)

Bank of the Middle East: Iraq to do its cooperation with regional banks

Posted: November 26, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Bank of the Middle East» Iraq Investments, an ambitious plan which covers the provinces of the diversity of banking products.

It depends on the activation of its foreign relations with 20 banks and financial institutions spread over Lebanon, Jordan, UAE, Germany, England and Turkey, in the opening credits and the issuance of security and foreign remittances.

The Director Commissioner of the bank ruled Zarzis Behnam told «life», that «the performance sober to the bank to make it win first place in the classification of the Iraqi Central Bank to private banks according to the system« full »(CAMEL), it earned a Calendar senior who has not shared by any from other banks ». (more…)

Decline in the number of troubled U.S. banks for the first time in 5 years

Posted: August 26, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Foundation announced the Federal Deposit Insurance of America, that the number of U.S. banks, ranked be acting stuttering has decreased at the end of last June, for the first time during the past five years .

According to the Foundation in a report – quoted by the agency was – that after the closure of 394 banks, large and small in the U.S. United States during the financial crisis, the list of financial institutions faltering has shrunk in the end to 865 at the end of the second quarter of this year compared to 888 institutions at the end of the first quarter of this year, for the first time reduced the number of troubled banks since the third quarter of 2006 .

(more…)

FDIC issues final ruling on retail foreign exchange transactions (Frank-Dodd Act)

Posted: July 9, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

Summary:

The FDIC is issuing a final rule that imposes requirements on insured depository institutions (IDIs) supervised by the FDIC that engage in certain retail foreign currency transactions with retail customers. The rule is being issued pursuant to section 742(c)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and will take effect July 15, 2011.

Statement of Applicability to Institutions with Total Assets under $1 Billion: The FDIC believes no FDIC-supervised banks in this size category are affected by the final rule. The rule does not cover traditional spot and forward contracts; therefore, only institutions planning to engage in foreign currency futures, options, or rolling spot contracts would be affected.

(more…)

Economist agree Iraqi banks need modernization; Suggest merger or foreign partnerships

Posted: June 21, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , , ,
0

Specialists are proposing a partnership with the Iraqi foreign banks to improve their services
On: Tuesday 06/21/2011 10:34

Baghdad (news) / report describes Tai / .. economists agreed on the Iraqi banks still suffer from poor services, so they suggested the need to merge or to enter a foreign partner backed with the provision of government support and encouragement.

Confirmed the expert economic peace Sumaisem in a statement to correspondent Agency (news) on Tuesday: “The Iraqi banks require two basic steps to get to the road either to merge with each other, either to find a strong partner from abroad to support and assist them, in addition to state support her to bring them up to the required level. “

(more…)

Reuters: FDIC unveils retail foreign exchange rule

Posted: May 10, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

(Reuters) – U.S. bank regulators would more strictly supervise banks’ relationships with retail customers who speculate in the foreign exchange market, under a proposal issued on Tuesday.

The Federal Deposit Insurance Corp plan would require retail customers who engage in foreign exchange transactions with a bank, that are not cleared through an exchange, to post a margin amount of 2 percent in the case of major currencies, such as the dollar and euro.

The amount would rise to 5 percent of the notional value of the transaction for some other currencies.

Read More: http://www.reuters.com/article/2011/05/10/us-financial-regulation-fdic-idUSTRE7485IC20110510?feedType=RSS&feedName=topNews

CBI urges the government reform the tax system in the country

Posted: April 29, 2011 in Iraqi Dinar/Politics
Tags: , , , , , , ,
0

29/04/2011 11:22

Baghdad, 29 April (Rn) – A central bank, the Iraqi government to sweeping reforms of the tax system and improve the performance of the Department of Taxes in the country.

The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) Friday, said that “the tax system in Iraq, not backward rise of the responsibilities granted by the Ministry of Finance, which cause great economic problems.”

(more…)