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Tuesday, July 21, 2015

Millionday News 7-21-15  Part 1 of 2

Millionday News 7/21/15  Part 1 of 2

Welcome to dinarupdates.com for News Time with Millionday!!

Millionday: WE HAVE LOTS OF NEWS TONIGHT --- STARTING WITH ECONOMIC

Millionday: THANK YOU BGG FOR SUCH A GREAT COMMENTARY FOR OUR NEWSTIME LAST NIGHT -- GREAT JOB

Millionday: Hussein al-Tamimi Tgb need to develop the banking sector required by the process of sustainable development sought by Iraq, and the evolution of financial markets is the focus of starting to stimulate the production and service sectors suffering chronic disorder, according to an expert in financial affairs. 
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member of the International Federation of Bankers Arabs D.sadeg Shammari says that banks represent the container is important to mobilize deposits and savings of citizens and various institutions,

pointing out that they represent an important source of most of the productive and service sectors that depend on its activity on the financial markets.

Millionday: NOTE -- EXPERT OF FINANCIAL AFFAIRS -- THE FOCUS IS ECONOMIC AND INDUSTRY ACTIVATION -- THE BANKING REFORM IS RELIANT ON THIS MOVE

Millionday: He said in an interview for the "morning" that the banks and the houses of the money required to adopt principles and mechanisms of governance and this will necessarily lead to a reduction of the risks they are exposed,

indicating that the promotion of the principles of good governance and mechanisms requires the adoption of two channels: first, the central bank responsible for the organization and supervision of the banking system, and second, the same banks,

Millionday: NOTE -- THE ECO0NOMIC SUCCESS IS RELIANT ON TWO THINGS ----THE OVERSEE OF BANKING BY CBI -- AND -- because the absence of governance and mechanisms will result into chaos and corruption do not can control them,

demanding Alsultatin supervisory and regulatory aim to establish a central bank are to have a vital role calendar necessary departments of banks to take the necessary measures in case of identification of material deficiencies in the stress testing program as part of the culture of governance and risk management.

Millionday: NOTE -- SECOND - CBI NEEDS TO RECOGNIZE AND BE ABLE TO RESOLVE ANY ISSUES THAT COME UP

Millionday: Shammari stressed the need to reconsider the hierarchical structures Councils departments and their responsibilities and powers granted to them and to ensure the efficiency of the members of the Board of Directors to enable the tasks entrusted to them for the management of the bank

and they have a clear understanding of their role in the mechanics of governance principles and are subject to the effects of other,

indicating that the banks linked to the process of sustainable development through the responsibilities assumed by the supply of best banking technology in the world and adopted locally,

 especially as the international effort sophisticated looking for is capable of dealing with large cash blocs banking sector.

Millionday: NOTE -- ALL GOVERNMENTAL AND BANKING ROLES NEED TO HAVE THEIR ROLES OF REFORM ACTIVATED TO MOVE FORWARD

Millionday: NOTE -- IT IS VERY IMPORTANT TO REALIZE THE POINT HERE --- ALL BANKING NEEDS TO HAVE ALL PROCESSES --REGULATIONS -- AND ROLLS ACTIVATED

Millionday: He pointed to the importance of the adoption of mechanisms for positive collaboration between boards of directors and auditors for the purpose of reducing the gap between the board and management of the Executive and the adoption of the experiences of outside directors,

noting that their presence necessary to bring ideas and new visions and perceptions of career centers they occupied for activating the role of boards of directors and increase operational efficiency, and on this basis has become necessary to give priority to a number of independent directors on the board.

Millionday: NOTE -- THE PRIORITIES HAVE CHANGED WHICH IS GREAT ONE DAY OUT OF EID --- IT IS TIME TO ACTIVATE THE DESIGN OF THE BANKING REFORM

Millionday: NOTE -- I CAN FIND NOTHING WRONG WITH THAT -- WHOOPOW

Millionday: Shammari stressed the importance of focusing more on the mechanics of internal governance as defensive strategies aim face the dangers of the mechanisms set Foreign fend off competitors threats, and the commitment of boards of directors legally by the central bank to recognize the rights of all stakeholders in the banks and financial institutions and to reconcile them and in particular in addition to the interests of the majority and minority on the one hand and the interests of employees, investors and financiers on the other hand, especially that it is a to by the Governing Council - Council Eshravi- as it is the case in Germany, where one of his duties fundamental change to see the banks and the development of long-term strategies.

Millionday: NOTE -- UNDERSTAND THE ROLL NO ONE ADDRESSES -- WHEN YOU ARE A PUBLIC HELD COMPANY AS SOME OF THE BANKS ARE --- THE STAKEHOLDERS ARE THE FIRST PRIORITY

Millionday: and activating the process of economic development pointed to the importance of benefiting from international experiences in the field of microfinance Islamic banks that have achieved great success and work to move to the country .

Noting that the lending portfolio of Islamic banks to stimulate talented students in universities and owners of small factories food and crafts of up to 25 billion dinars under its responsibility in achieving.

Millionday: NOTE --- THE STRATEGY IS TO MOVE TO THE INTERNATIONAL EXPERIENCE IN BANKING --- TO OF COURSE MOVE TO ACHIEVEMENT

Millionday: He praised the central initiative of launching trillion dinars for this purpose

The projects funded by the Islamic banks linked studies sober economic feasibility to be able to achieve sustainable development, especially that of more than 600 bank worldwide branches scattered in most of the cities with assets of more than $ 3 trillion check ratio annual growth exceeding 30 percent of the market share of the banking business, adding that the Islamic finance operations became the focus of attention of many of the peoples of the world.

Millionday: SO OBVIOUSLY THE ISLAMIC BANKING AND THEIR POSITION IN IRAQ`S BANKING AND REFORM IS A HUGE ASSET -- IN NEED OF BEING PRAISED DUE TO THE LARGE INPUT -- AMAZING NETWORK IN THIS TIME FRAME

Dr Dave: Is this the banking reform laws that need to be voted on?

Millionday: NO -- THE BANKING LAWS ARE REPORTABLY DONE

Millionday: NOTE -- NOTICE THIS IS THE REPRESENTATIVE OF INTERNATIONAL BANKING

Millionday: Hussein al-Tamimi Tgb need to develop the banking sector required by the process of sustainable development sought by Iraq, and the evolution of financial markets is the focus of starting to stimulate the production and service sectors suffering chronic disorder, according to an expert in financial affairs.

member of the International Federation of Bankers Arabs D.sadeg Shammari says that banks represent the container is important to mobilize deposits and savings of citizens and various institutions,

pointing out that they represent an important source of most of the productive and service sectors that depend on its activity on the financial markets.

Millionday: NOTE -- THE MOBILIZATION TO OPERATE ON THE FINANCIAL MARKETS --- WHOOPOW

Millionday: He said in an interview for the "morning" that the banks and the houses of the money required to adopt principles and mechanisms of governance and this will necessarily lead to a reduction of the risks they are exposed,

 indicating that the promotion of the principles of good governance and mechanisms requires the adoption of two channels: first, the central bank responsible for the organization and supervision of the banking system, and second, the same banks, because

Millionday: the absence of governance and mechanisms will result into chaos and corruption do not can control them, demanding Alsultatin supervisory and regulatory aim to establish a central bank are to have a vital role calendar necessary departments of banks to take the necessary measures in case of identification of material deficiencies in the stress testing program as part of the culture of governance and risk management.
Millionday: NOTE -- THIS IS OBVIOUSLY THE REQUEST OF THE ACTIVATION OF THE BANKING REFORMS BY INTERNATIONAL ENTITIES TO MOVE FORWARD WITH ALL OTHER PRODUCTION AND ECONOMIC CLARITY

Millionday: Shammari stressed the need to reconsider the hierarchical structures Councils departments and their responsibilities and powers granted to them and to ensure the efficiency of the members of the Board of Directors to enable the tasks entrusted to them for the management of the bank and they have a clear understanding of their role in the mechanics of governance principles and are subject to the effects of other, 

indicating that the banks linked to the process of sustainable development through the responsibilities assumed by the supply of best banking technology in the world and adopted locally, especially as the international effort sophisticated looking for is capable of dealing with large cash blocs banking sector.

Millionday: NOTE -- THEY ARE SAYING THE NEED FOR THE REGULATIONS FOR INTERNATIONAL BANKING HAS COME TO REALIZATION -- THE ADVANCEMENTS THAT WERE PUT IN AND TAUGHT NEED TO BE ACTIVATED AND MONITORED

Millionday: He pointed to the importance of the adoption of mechanisms for positive collaboration between boards of directors and auditors for the purpose of reducing the gap between the board and management of the Executive and the adoption of the experiences of outside directors, 

noting that their presence necessary to bring ideas and new visions and perceptions of career centers they occupied for activating the role of boards of directors and increase operational efficiency, and on this basis has become necessary to give priority to a number of independent directors on the board.

Millionday: NOTE -- IT IS IMPORTANT TO MOVE FORWARD WITH INTERNATIONAL BANKING

Millionday: NOTE -- CLOSE TO GAP AND ENABLE THE COUNTRY

Millionday: Shammari stressed the importance of focusing more on the mechanics of internal governance as defensive strategies aim face the dangers of the mechanisms set Foreign fend off competitors threats, and the commitment of boards of directors legally by the central bank to recognize the rights of all stakeholders in the banks and financial institutions and to reconcile them and in particular in addition to the interests of the majority and minority on the one hand and the interests of employees, investors and financiers on the other hand, 

especially that it is a to by the Governing Council - Council Eshravi- as it is the case in Germany, where one of his duties fundamental change to see the banks and the development of long-term strategies.

Millionday: NOTE -- THE LONG TERM STRATEGIES WILL SHOW THEMSELVES AS THE DRIVING FORCE FOR STAKEHOLDERS AND THE REVELATION OF IRAQ`S COMMITMENT TO THE LEGAL RIGHTS GIVEN BY CBI

Millionday: NOTE -- OBVIOUSLY THE MOVE TO ECONOMIC REFORM

Millionday: and activating the process of economic development pointed to the importance of benefiting from international experiences in the field of microfinance Islamic banks that have achieved great success and work to move to the country . 

Noting that the lending portfolio of Islamic banks to stimulate talented students in universities and owners of small factories food and crafts of up to 25 billion dinars under its responsibility in achieving.

Millionday: NOTE -- THEY ARE RELIANT ON THE SUCCESS/EXPERIENCE OF ISLAMIC BANKING

Comments may be made at the end of Part 2  Thank You


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