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Dinar Updates Sunday AM Chat 7-17-16 Part 1 of 2
rcookie says():Parliament completed its first reading of the law of the Supreme Judicial Council and begin to read the merging and the abolition of ministries
Sunday 17-07-2016 | 1:36:35 Twilight News / Iraqi Council of Representatives ended on Sunday, the first reading of the draft law of the Supreme Judicial Council.
The Board has also begun after the first reading of the law and the integration of the abolition of government ministries, according to a parliamentary source said the Twilight News.
rcookie says):Jubouri reveals requests to lift the immunity of nine MPs and parliament to vote on referral to the affairs of the member
Written by : saad in: July 17, 2016 In: Iraq News No comments views 118 views print E-mail
Nur News / Baghdad The chairman of the House of Representatives Saleem al-Jubouri, on Sunday, the existence of the requests to lift the immunity of nine deputies.
Jubouri said in a hearing today that "there are three requests to lift the immunity of MPs from the current last session, and we received six new requests to lift immunity during the current session."
According to a parliamentary source for "Light News," "The council voted to lift the immunity of referral to the Committee on the affairs of the member to study the files on the requests presented its final recommendations to the Board within two weeks."
Read More http://www.dinarupdates.com/showthread.php?37116-Jubouri-reveals-requests-lift-immunity-9-MPs-amp-Parl-vote-on-referral-members&p=156435#post156435
rcookie says():Iraqi Council of Representatives Hall (archive)
Parliament to raise its Monday
Author: AR, SSJ Editor: AR 17/07/2016 14:34 Number of Views: 230
Long-Presse / Baghdad He raised the presidency of the Iraqi Council of Representatives, on Sunday, the third session of the first legislative term of the third legislative year to the day on Monday, as the session saw the vote on the first amendment to the law of sale and lease of state property law.
A parliamentary source said in an interview to the (long-Presse), "The House Speaker Salim al-Jubouri, lifting the third session of the first legislative term of the third legislative year to be held, on Monday (18 July 2016)."
The source, who asked not to be named, said: "The session saw the vote on the first amendment to the law of sale and lease of state property law."
It is said that the Iraqi Council of Representatives, held on Sunday, its third chapter of the First Legislative third legislative year, while the meeting witnessed the vote on the draft amendment to the law of the first law of sale and lease of state property.
magnetlady says():Wow rcookie if I read that correctly. Then they lose their immunity from prosecution if this is passed?
rcookie says to magnetlady():CORRECT...WONT THAT BE FUN....
rcookie says to magnetlady():AND THEY VOTED ON 1ST AMENDMENT TO SALE & LEASE OF STATE PROPERTY LAW......
magnetlady says):I believe I rea that give them a 50-100 year right of use to property
magnetlady says():Kind of like England does
magnetlady says):I think
rcookie says():THIS IS HUGE........THE TABLE IS SET AND GOUNDWORK LAID FOR THE COMMITTEE TO OVERSEE CHANGES TO IRAQI CONSTITUTION THAT ARE ON TABLE AND CUED UP.......
rcookie says():Jabouri to calls for the nomination of the names of the committee to amend the constitution within one week
Sun, 17 Jul 2016 10:50:44Observer news / Baghdad He called on Parliament Speaker Salim al-Jubouri, Sunday, parliamentary blocs and personalities to nominate names for the formation of a committee to amend the constitution within one week.
He said al-Jubouri, during the Sunday session, "we will take a decision on the membership of the Committee to amend the constitution and powers of the presidency and the timing of time after receiving the names and present them to the Council.
The House of Representatives had voted, in its meeting held on Sunday, to approve a bill sale and lease of state property, while postponed a vote on the General Authority to ensure the rights of the regions and governorates that are not organized in a region law until tomorrow to intercept the Legal Committee of him. "
AND ANOTHER ACCOMPLISHMENT FROM PARLIAMENT TODAY.........
rcookie says():Parliament begins the first reading of the draft merge and abolish ministries Law
Publishing Date: Sun, 17 Jul 2016 11:03:55 | Views: 94
BAGHDAD - Today News House of Representatives began its meeting on Sunday, the first reading of the draft merging ministries and the abolition of the law.
The Prime Minister Haider al-Abadi had held merger and the abolition of some ministries as part of his plan for administrative reform and government.
Read More http://www.dinarupdates.com/showthread.php?37118-Parliament-begins-the-1st-reading-of-the-draft-merge-and-abolish-ministries-Law-7-17&p=156437#post156437
rcookie says):AND.......TRANSPORT MINISTER ZUBAIDI WAS IN FRONT OF PARLIAMENT TODAY FOR QUESTIONING......
rcookie says():AND THEY ALSO COMPLETED 1ST READING OF THE UNIFIED RETIREMENT LAW......
magnetlady says():Moving right along
rcookie says():WOW.......JABOURI CRACKIN THE WHIP.....
subgirl says to rcookie():lovin that!!! go Jabouri!!
rcookie says():REGIONS AND PROVINCES VOTE WILL TAKE PLACE TOMORROW........
subgirl says to rcookie():cool!!!!
rcookie says():Comprehensive Kahiah sworn instead Sinead Maliki seat
Publishing Date: Sun, 17 Jul 2016 08:54:34 | Views: 147
Bgdad_abar today Led by a coalition of state law, a comprehensive Kahiah in the parliament session today sworn in as deputy.
A reporter for the news agency today that "a comprehensive Kahiah Mohammed Hussein was sworn in on the mass of the rule of law - the province of Baghdad, instead of resigning MP Hassan Sinead, from the same block."
The House of Representatives approved in its meeting on 28 April to accept the resignation of the MP for the coalition of state law Hassan Sinead, after applying it.
It is said that the Presidency of the Council of Representatives has received on 20 April of this decision by the Federal Court invalidating membership Sinead an alternative coalition chairman Nuri al-Maliki.
Drewsters Millions says to rcookie():?
cobalt says to rcookie():Good Morning and thank you for bringing in "huge news"
rcookie says():Sun, 17 Jul 2016 08:30:49 Jaafar al-Abadi reveals Mapdjabh to a nearby urgent: 22 Personal technocrats
It revealed the leadership of the coalition of state law Jassim Mohammed Jaafar steps for reformist Prime Minister Haider al-Abadi, while noting his intention to re-Minister Almstqalin or choose replacements for them.
Jaafar said that al-Abadi works to solve the problem of ministers who have to submit their resignations, send them back or choose replacements for them, adding that al-Abadi works on the choice of two twenty national figure of technocrats to manage the independent bodies,
adding that this would be the first phase of reforms Abadi .. He pointed to the need Abadi to kind of consultation with the institutions and some of the characters and the House of Representatives to pass those names at the earliest opportunity.
rcookie says():ABADI SITTING ON 22 TECHNOCRATS....
Drewsters Millions says to rcookie():have you seen today latest announcements on the CBI? if so, what do you make of it?
rcookie says to Drewsters Millions():STILL WORKING....
Drewsters Millions says to rcookie():sorry
cobalt says to subgirl():(y)(v)(F)
rcookie says to Drewsters Millions():NO WORRIES...
rcookie says to Drewsters Millions():BRING IT IN IF YOU HAVE...
Drewsters Millions says():To / left the company to broker the buying and selling of foreign currencies / BAGHDAD (granted leave)
To / sycophantic company to broker the buying and selling of foreign currencies / Najaf (granted leave)
To / Bulaq company to broker the buying and selling of foreign currencies / Najaf (granted leave)
rcookie says to Drewsters Millions():THERE IS ANNOINCEMENT OF DEPOSITOR INSURANCE...
rcookie says to Drewsters Millions():COMPANY..
rcookie says to Drewsters Millions():AND LAUNCH OF AGRICULTURAL & INDUSTRIAL LOANS...
Drewsters Millions says():Launch = take off.. thanks Rc (y)
larrykn says():gm everyone
rcookie says to Drewsters Millions():LOOKS LIKE DEALERS AUCTION STATUS.....
rcookie says():GOING TO REPOST FROM YESTERDAY.....BY FAR BIGGEST NEWS TOWARDS FOREIGN INVESTMENT AND BUSINESS....AND DEALING WITH ICAAP BASEL III COMPLIANCE....AND THIS IS NEXT WEEK!!!...
subgirl says to rcookie():SWEET!!! :) that is awesome!
rcookie says():AND.....HERE IS EXPLAINING ICAAP INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS....
rcookie says():Checklist Description
This checklist outlines the role, functions, and requirements of the Internal Capital Adequacy Assessment Process (ICAAP).
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():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():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.
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.
rcookie says():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?
rcookie says():Managers should also consider the following risks:
interest rate risk;
pension obligation risk;
any other risks identified.
rcookie says():he 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.