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Controls related to the capital adequacy standard for commercial banks according to the requirements of Basel III & II

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Controls related to the capital adequacy standard for commercial banks according to the requirements of Basel III & II

July 26, 2020


   » Control standards related to the capital adequacy standard for commercial banks according to the requirements of Basel III & II ...

For information click here   https://cbi.iq/static/uploads/up/file-159576069145289.pdf  


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Rough translation of https://cbi.iq/static/uploads/up/file-159576069145289.pdf


: To all authorized commercial banks

Controls related to the capital adequacy standard for banks la
Se MW commercials as per Basel requirements

According to the decision of the board of directors of this bank, numbered (110) for the year 2020, which includes the approval of Controls related to the capital adequacy standard for commercial banks according to the requirements of Basel! .8 !! A list
13/11/2018 and the following are our uncles numbered 9/2/420 and dated (FAQs) 11S most frequently asked questions

Concerning the above controls »In this regard we would like to show the following: 1

A. Range of application:
Commercial banks operating in the Iraqi banking sector must adhere to the regulatory controls) [
Of the capital adequacy criterion starting from the second semester of 2020 »knowing that a transitional period has been specified
For a maximum period of six months (including the second and third semester / 22020) »during which banks submit their data
Ensuring the integrity of the systems and ensuring the validity of the data »and thus the transitional period ends from the chapter
Fourth / 2020 and thus becomes a requirement to adhere to the minimum capital adequacy standard in accordance with the controls
In case of non-compliance with the minimum capital adequacy ratio according to the new regulations, this bank will be provided (2)
With a fixed date plan to comply with the minimum »and to be submitted no later than the end of November This year (11/30/2020) except for the branches of foreign banks that will be taken with them standards and procedures

The capital adequacy ratio standard has been prepared on a quarterly basis and the results are sent in conjunction with the quarterly budget (3)
Or as determined by this bank.

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