Posts Tagged ‘Federal Deposit Insurance Corporation’

12/19/2013 0:00

He said that banking reform lever economy

counting economic expert d. Akram Mohammed Hassan banking and financial sector one of the main factors of the transition from a centralized economy to a market economy, demanding the lifting of the restrictions that his movement, referring to the experiences of Eastern European countries in this field. (more…)

Tuesday, November 26th, 2013
The Governor of the Central Bank of Iraq acting Abdel Basset Turki, all efforts to radically change the laws in the banking sector, under the guidance of the International Monetary Fund, stressing that «the new laws that advance economic reality». (more…)

11/25/2013 0:00

-Sought to gain access to a system integrated economic

planned central bank with the relevant authorities to get to the economic system integrated through a call to the private banks to send its observations and proposals on amending laws Central Bank and money laundering and banks to reach enact laws that serve the economic process in joint efforts by the central bank and private banks.

opened the central bank governor Agency Abdul Basit Turki Saeed yesterday workshop, which was launched in the presence and participation of private banks and a number of economic figures which will continue for a period of five days for the purpose of discussing the proposals made ​​by a number of private banks in order to promote the reality of banking. (more…)

11/23/2013 12:00
Tomorrow’s Press / BAGHDAD: Iraqi Central Bank on Saturday, for his extended workshop on Sunday to discuss the law of private banks and receive bids so special.

The governor of the Central Bank and the Agency Abdel Basset Turki for “tomorrow Press”, “The aim of the gathering of economists and financial professionals as well as those in charge of financial management is to discuss possible amendments and what should its contents laws to get the economy moving and moving capital towards investments in accordance with the lid legal and constitutional. ” (more…)

24/09/2013 12:00 AM

saw the academic economic Dr Majid Baidhani that economic laws old, which is still in force until now limit the activity of the private sector and impede the investment process.

said in a statement (morning) that the private banking sector, for example, has the desire to enter into the process of economic development, but the Article 28 of the Banking Act represents the main obstacle to private banks as it prevents them from direct investment in various projects. (more…)

08/21/2013 12:00 AM

Systems do not keep pace with banking modern

suffer the banking sector in Iraq from the many challenges and needs sweeping reforms with a view to carrying out its functions key to be able to keep up with international developments and work according to their standards. In this regard indicates banking expert Samir النصيري to malfunction significantly in the banking system boils down to having to huge liquidity but untapped promise this phenomenon Balemczuhh the banking activity. النصيري (more…)

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…)

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…)


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…)

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…)

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


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…)

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…)

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 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…)


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.


(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.

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