Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 7-16-16 Part 1 of 3
rcookie says():Iraq delivered the first installment of Boeing aircraft after a long hiatus
blishing Date: Fri, 15 Jul 2016 20:16:32 | Views: 111 Bgdad_abar today Iraq handed over the first installment of the financial installments incurred by him in favor of the US Boeing aircraft manufacturers.
According to the Iraqi Ministry of Transport said in a brief statement received by the agency news of the day a copy of it, "the first installment has been transferred to the company for the supply of the remaining aircraft at Boeing after a long pause." Without disclosing the value of this installment.
Iraq had stopped his extradition financial earplugs because of the financial crisis due to lower oil imports.
And Iraq had signed in May 2008, the first two decades with the company [Boeing] US to buy 40 aircraft of Civil Aviation, and the second with the company [Bombardier] Canadian, to buy ten aircraft, while the Ministry of Finance showed that the total value of the two contracts amounting to five billion dollars.
Iraq and received since the end of 2012 until the month of October of 2015, a number of Boeing aircraft within the site with the company's contract and that it is hoped that the end of the year end 2018, also received a Bombardier aircraft CRJ900 over the past years, bringing the number of its fleet of aircraft about 32 aircraft belonging to Iraqi Airways.
The Cabinet approved the sixth of February, on the Iraqi Airways has signed a contract extension with Boeing to replace the number of aircraft that do not entail any financial burden on the public treasury.
The Ministry of the Iraqi transport in 28 of the same month, for the US company agreed to hand over Iraq's modern aircraft through 2017, rather than the contract due in the current year 2016, attributed the reason to the aircraft included in the previous decade have become outdated.
Dinarian1 says to rcookie():Nice THanks for that RC!
watson1 says():how much you want to bet on dinar guru all those who said it was to happen this weekend ,next week and this month will blane was is going on in turkey for it not happening
diane1 says to Dinarian1():i just pray to GOD that the terror through the world our USA would stop too many innocent victims out there I pray for the people and feel there pain especially with our US Soldiers and Law enforcement. Will the attacks in Turkey hold things up.
Dinarian1 says to watson1():I would bet my last DInar on it!
rcookie says():It killed 77 militants of the elements (Daash) in security operations in Iraq
[16 / July / 2016]Baghdad Sheba: At least 77 armed members of the organization (Daash) were killed on Saturday, in security operations and air strikes to aircraft of the international coalition in several parts of Iraq.
And announced that the Iraqi Defense Ministry, in a statement today about the killing of 40 members of the (Daash) and the destruction of their cars and their hideouts in the planes of the international coalition in a number of areas of Anbar air strikes, while according to media cell war deaths of 23 members of the organization and destroy their hideouts in air strikes west Sharqat northern Iraq .
Furthermore, the federal police captain Raed Shakir Jawdat announced the deaths of 12 members of the (Daash) during repel the attack of the organization blather north-west of Baghdad, as are two others were killed in a definitive Hawija in northern Iraq.
In the meantime, military media cell said that the international coalition aircraft, and directed a large boat airstrike carrying more than two tons of high explosive material was organizing (Daash) intends whereby the target floating bridge held by the Iraqi units between drunk and Qayyarah on the banks of the Tigris River south of Mosul in northern Iraq .
watson1 says():people were calling late last night about turkey . I said well when rcookie ,mr white or BGG said it is problem then i will worry ,but leave me alone i have G7 in morning to catch.lol
rcookie says():16-07-2016 05:00 PM Electricity demands establishment of plant to generate solar energy Muthanna
It demanded that the Ministry of Electricity, on Saturday, the investment companies to create a plant to generate solar PV capacity of 50 MW in Salman spend in the province of Muthanna.
The aide said the governor of Muthanna for Energy, Shaker al-Jubouri, "The Ministry of Electricity has called the investment companies to create a plant to generate solar PV capacity of 50 MW in the district of Salman, identified identified the twentieth of this month as the date for receiving offers from companies for the establishment of the station."
He added that "the plant will be based on the implementation, operation and ownership for twenty years," pointing out that "the establishment of this plant will contribute to solving the energy problem faced by the judiciary, which relies on diesel generators."
Jubouri pointed out that the local government "will provide suitable land for the establishment of the station and to overcome obstacles that may face the work of executing company
rcookie says():ERDOGEN WILL BE BACK STRONGER THAN BEFORE....
Dinarian1 says to rcookie():Nice! They are making SO much progress... SO encouraging!!
rcookie says():Central counting on the company , "guarantee" to compensate depositors of banks "losers"
Author: ASJ Editor: BK 15/07/2016 15:13 Long-Presse / Baghdad The Central Bank of Iraq, on Friday, the possibility of compensating depositors of citizens in banks, "losers" in case I worked, "Deposit Insurance" company, while attributing Bankers reluctance of private banks to "liquidity squeeze" as a result of contractors and importers were unable to pay the discharged her.
A member of the Board of Directors, Ahmed Rehn, said in an interview to the (long-Presse), "The Deposit Insurance Corporation, or what is meant by the unity of deposit guarantee, you need time, even working after gathering the necessary capital," adding that "the task of that unit are summarized to compensate depositors in the loss-making banks. "
He added Rehn, that "the company in the event of its work will participate in the compensation of depositors in the loss-making banks after a number of their own financial operations to be able to it," noting that "the Deposit Insurance Corporation will take care of a lot to small depositors will be paid all of their deposits, that are paying most of the deposits medium, but the subject of senior depositors requires other measures to compensate them. "
For his part, Managing Director of the Bank Union, Aqeel trouble maker, in an interview to the (long-Presse), "The private banks in general is facing the problem of lack of liquidity, because borrowers contractors, importers did not get their dues from the government is what made them slow to refund discharged banks" he said, adding that "some branches of the central bank did not refer to domestic banks and their deposits."
He pointed out trouble maker, that "it was born big problems to domestic banks with depositors In her work," she returned that "the government should private banks supported by dues contractors and suppliers Exchange to raise the proportion of liquidity in the domestic market and enable them to repay their debts and stroll banking activity."
Read More : http://www.dinarupdates.com/showthread.php?37066-Central-counting-on-the-company-quot-guarantee-quot-compensate-depositors-of-banks-quot-losers-quot
watson1 says to rcookie():when you tell us worry we will . I really do not know what goes on in turkey have to do with our dinar and the rv i tell people . maybe i am wrong
rcookie says():In turn, the decision of the parliamentary finance committee, Ahmed Hama Rasheed, said in an interview to the (long-Presse), "The banks are required to give deposits to clients," noting that "some banks experiencing administrative problems that the Commission was forced to file a complaint thereon to the Ministry of Finance."
He stressed Rashid, that "private banks monitored by the CBI, which give him a monthly budget," pointing out that "the central bank may use its powers to suspend the operation of any bank acting his money out of contexts, and be liquidity has less of the deposit, and the declaration of bankruptcy."
He predicted the decision the parliamentary finance committee, that "depositors in failed banks crisis resolved when the work of the Deposit Insurance Corporation," stressing that there are "many experiences of this kind in the neighboring countries and the world."
Meanwhile, a member of the Iraqi National Business Council, Firat Habib, in an interview to the (long-Presse), "The problem facing temporary banks, because they suffer from the deposits of the crisis and the influx of liquidity, not losing for being," calling on the central bank to "tighten its supervision and follow-up especially the private banks and ensure liquidity continuously in order to avoid problems. "
Habib felt that "the deposit guarantee law firm will be strongly Banking Act of censorship hand and keep depositors' money and speed up the response to any problem faced and restore confidence quickly to it, especially since the administration officially sanctioned."
He said a member of the National Business Council, that "the banks are working on the recovery of private high to provide liquidity and address the imbalance of financial amounts loan funds and grants depositors amounts that request one at any time they wish," noting that "the central bank put some banks under his tutelage until they correct their work and ensure the rights of citizens. "
Habib stressed that "slough some banks from paying the full amount requested by the depositor under the pretext of lack of financial liquidity constitutes a violation of the laws and calls for the intervention of the Central Bank of Iraq," he returned to "Supervision Department and the banking of the Central Bank of Iraq is responsible for monitoring the safety of liquidity of financial markets and its flow and consider complaints and to accelerate the adoption of measures to verify due to non-payment of the banks and the amounts requested by the owner of the funds deposited in the custody of those banks and at any time he pleases. "
The Central Bank announced, in (the seventh of June 2016), for approval of the Cabinet set up a company to guarantee deposits in the government and private banks with a capital of 100 billion dinars, while the company aims to stimulate citizens to deposit their money in banks rather than Aktnazha, confirmed money chunky citizens outside banks of more than $ 30 trillion dinars.
The Iraqi private banks association, announced (October 2015) that the ratio of deposits to the government banks, ranging from 65 to 68 trillion dinars, of which no more than 22 trillion and deposits of private banks.
The banking system in Iraq consists of 54 banks as well as the Central Bank and distributed according to property between the seven state-owned and 23 private businesses, including Islamic nine in addition to the 15 branches of foreign banks.
diane1 says to watson1():AMEN my heart goes out for those loss of lives.
rcookie says():PLEASE READ .....YOU SAW IT HERE AT DU YESTERDAY FIRST......
Dinarian1 says to rcookie():(y)
rcookie says():THE OTHER GURUS SHOULD BE TALKING ABOUT BY WEDNESDAY......RIGHT AFTER CNN ANOUNCES
Dinarian1 says to rcookie():LOL Maybe...
rcookie says():The workshop aims to identify the credit risk mitigation , and understand how banks calculate the capital to be allocated to address market risks, and how to calculate standard techniques LCR and NSFR liquidity by the Basel III requirements, as well as understand how conduct stress tests for all types of risk.
rcookie says():SO THIS BASEL III WORKSHOP IS BEING HELD IN SYRIA JULY 25TH-28TH...THAT COVERS THE MEASUREMENT...MONITORING AND MANAGEMEBT OF RISK SYSTEMS IN ACCORDANCE WITH BASEL III REQUIREMENTS RIGHT DOWN TO PRESSURE TESTING SYSTEMS....
AND CAPITAL ADEQUACY RATIOS AND WEIGHTING SYSTEMS TO CREDIT RISKS WITHIN THEIR MARKETS WITH ICAAP STANDARDS (INTERNATIONAL CAPITAL ASSET ASSESMENT PROCESSES)....
rcookie says():THINK ABOUT THIS RELEVANT TO WHAT WE HAVE IN THE RECEMT 2 WEEKS REGARDING THE FOCUS ON RESTRUCTURING CAPITALIZATION WITHIN BANKING SECTOR TO THE TUNE OF 200-400% IN BANKS OF ALL SIZES...
magnetlady says():WOW RCOOKIE!!
watson1 says to rcookie():(y)
rcookie says():Checklist Description
This checklist outlines the role, functions, and requirements of the Internal Capital Adequacy Assessment Process (ICAAP).
david334 says():I was never worried(@)
Under Basel II, ICAAP is a new requirement for financial institutions, requiring the following assessments:
Pillar I minimum capital requirements;
the extent of total stockholder funds required to meet a firm’s strategy and maintain minimum capital requirements;
ensuring that material risks of the firm are understood by its board, and that there is sufficient and appropriate risk management.
rcookie says():AND THAT IS THE PART THAT HAS TO DO WITH THE COMPANIES LAW REGARDING THE CAPITAL REQUIREMENTS OF PUBLICLY TRADEDE COMPANIES... IN NEED OF AMENDMENT.
rcookie says():Four crucial elements in any ICAAP are:
assessment (identification and measurement) of the risks a bank is, or may be, exposed to;
application of mitigation techniques that may help to lower capital requirements;
role of the board of directors and management.
rcookie says():EXACTLY WHAT THAT ARTICLE ABOUT THE WORKSHOP IN SYRAIA OUTLINES.....TO THE LETTER
magnetlady says():THANK YOU SO MUCH SHEILA3 FOR COPYING THIS AFTERNOON.
rcookie says():Pillar II requires that risks are presented to, and discussed by, the board to ensure its acceptance and understanding. Pillar II also requires a bank to maintain capital ratios and convince the regulator. Risk models and capital are only part of this. A financial institution must also consider any other internal risks that the firm may face which may result in losses such as fraud, rogue trading, or strategy failure.
rcookie says():The preparation of a capital plan should incorporate all risks, and requires the cooperation of, and collaboration with, the finance, treasury, business, and risk departments. Capital plans are usually based on a firm’s forecasts for growth, given the maintenance of a capital ratio.
magnetlady says():hEY RCOOKIE. You have been a busy little fellow toady.
rcookie says to magnetlady():The ICAAP should be customized for each firm, taking into account the particular risks and information available. The process usually consists of the following stages:
Identifying risks—List all material risks, interview staff in relevant departments, and assess the probability of risks occurring.
Assessing capital—How much capital would a risk require?
Forward capital planning—Assess how the capital calculated from the capital assessment might be altered by its business plan, i.e. perform stress and scenario analyses.
Conclusion—What are the ranges of capital identified, and how much internal capital should a firm hold?
Bookumdano says to rcookie():Syria seems like a risky place to have a Basel III work shop. They better take there bullet proof vests.
rcookie says():Managers should also consider the following risks:
interest rate risk;
pension obligation risk;
any other risks identified.
Babe says to Bookumdano():(y)
rcookie says():The ICAAP typically has the following structure:
background of the ICAAP process;
statement of firm’s attitude to risk;
stress and scenario testing;
adoption of the ICAAP.