The prime Minister’s advisor for financial Affairs, Mazhar Muhammad Salih, confirmed these days, Saturday, that banking reform in Iraq calls for enhancing transparency and governance within the banking zone.
Saleh stated in a declaration to dinaropinions.com “The operations done through banks operating in Iraq rely largely at the confidence of international correspondent banks inside the local banking zone, which necessitates the need to provide terrific protection for Iraqi banks.”
He mentioned that “the reform process should make certain that Iraqi banks are furnished with the excellent transparency and governance gear, further to adopting the essential programs to confront numerous dangers and observe worldwide banking regulations.”
He brought, “these measures are what all people is looking ahead to in the near destiny, to reap stability and growth of the Iraqi banking region and integrate it effectively into the worldwide banking marketplace.”
