The Central Bank holds a workshop in preparation for the classification of banks operating in Iraq internationally
September 15, 2019
As part of the Central Bank of Iraq's efforts to improve the performance of banks and keep pace with international standards, the Bank has held a workshop on the classification requirements of banks operating in Iraq by international agencies.
This workshop included evaluation requirements from international rating agencies, most notably:
- The challenges faced by banks to prepare valuation within international standards.
- The positive impact of the evaluation with international banking relations and correspondent banks.
- The impact of the evaluation in increasing the principle of transparency for shareholders and the application of institutional governance.
- Assessing the risk of banks on a neutral point of view and its importance in correcting gaps and increasing future hedging.
In its 2019 decision, the Central Bank of Iraq Approved the accreditation and operation of the Credit Rating Of Banks operating in Iraq by the Central Bank of Iraq in its 2019 decision.
Central Bank of Iraq