Millionday news 11/3/13
[millionday] so we are going to start with some great news
[millionday] Counting banking expert application of the Basel banking standards in Iraq of the good things that push to achieve stability through the creation of fair competition between government and private banks through the services offered by these banks to citizens.
And stressed banking expert Samir to apply the terms of the Basel in Iraq between the central bank and other banks would improve the performance of banks , indicating the importance of the application of Basel standards across the follow-up developments taking place on the subject of Basel standards (2 and 3 ) for the purpose prepare for its implementation and adoption of international standards with regard to capital adequacy capital and liquidity ratio rate .
[millionday] note -- whooop whoop international standards means they are ready to go
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[millionday] He added ا in a statement to the (morning ) that work on the follow-up application of the principles of Basel 's main operational risk management ensures that those risks associated with all types of products , activities , processes and regulations adopted by the banks .
He pointed to the need to provide a base of information flowing in the bank , which plays an important and key role in establishing and maintaining an effective framework for the management of operational risk . In addition to follow-up the extent of owning banks an effective system for identifying, measuring and monitoring operational risk as part of risk management.
[millionday] risk management has to include the insurance -- fdic here and also strict international accounting standards -- transparency
[millionday] this is the part that will make you smile big
[millionday] Stressing that the banks do disclose risks to participants in the financial market and banking evaluate their exposure to operational risk and the quality of their management of operational risk .
The aim of the Basel Committee to assist in strengthening the stability of the global banking system , especially after the worsening crisis of external indebtedness of developing countries, and remove an important source of competition is fair between banks arising from differences in the requirements of national controls on bank capital , in addition to
[millionday] financial market includes nasdaq forex etc -- currency market
[millionday] working to find mechanisms to adapt to changes at the forefront of global banking and financial globalization that stem from financial liberalization and market liberalization cash from banks , including legislation , regulations and constraints that limit the widening and deepening of the banking activity of banks across the world in the light of the technological revolution .
The Commission also aims to improve techniques for the control of banks and to facilitate the circulation of information about those methods between the various monetary authorities
[millionday] whoop whooop
[millionday] And founded the Basel Committee on Banking Supervision, under the name of (Commission banking systems and practices SFC) , the initiative of the central bank governors of the Group of top ten by the end of 1974, under the supervision of Bank for International Settlements in Basel, Switzerland,
was limited to members of officials from the bodies of banking supervision and Governors central banks of those countries ( which became 13 states ) , represented in each of Belgium , Canada , France, Germany , Italy, Japan, Netherlands, Switzerland, Sweden, Britain , Spain , Luxembourg and the United States of America (OECD).
[onthewings] When When When ???
[wilbur48] Financial Liberalization refers to reduction of any sort of regulations on the financial industry of a given country.
[millionday] Counting banking expert application of the Basel banking standards in Iraq of the good things that push to achieve stability through the creation of fair competition between government and private banks through the services offered by these banks to citizens
[millionday] so it is now they are applying it
[onthewings] Big Whoooop Whooooop
tbob] whooooopp whoooooopp no stopping them now!!
[millionday] the application is great for all etc etc whopper whopper
[millionday] and thats the news -- see you when the rate changes
[Godsalli/Jim] I want some of dat application
[millionday] just kidding lol
[ROBINREDHED] i agree
[Horizon0000] Whoop Whoop!!
[Dovi] oh my !
[wilbur48] The term financial liberalization is used to cover a whole set of measures, such as the autonomy of the Central Bank from the government; the complete freedom of finance to move into and out of the economy,
[Dovi] Whooooooooooooooop Whooooooooooooooop
[millionday] that my friends is what we had to have no doubt in that
[All4HIM] Oh was so it really is gonna happen soon?
[tbob] millionday Oh Youuuuuu!!
[millionday] this is the cherry
[monique13] I like cherries!!
[millionday] so lets see what else i have brb oh boy thats great news brb
[millionday] Continue and the Ministry of Agriculture and within the dates of receipt season this year 's bumper crop due to the support given to the wealth of palm .
He urged the administrative agent for the Ministry d . Ghazi Radhi bonded Iraqi Company for the receipt dates prices subsidized by the state as part of promoting the expansion of palm cultivation .
The Ministry of Agriculture was received dates from the farmers during the previous years where the Council of Ministers decided to entrust the task of receiving dates to the Ministry of Commerce , represented by the Iraqi company for the production and marketing of dates so as to support the national product
[millionday] they want the date of the entry to the globe and the price for dates -- the fruit
Leggs] Millionday are they saying they want to export their dates and they need the rate?
[millionday] Leggs yes from the ministry of commerce nice i will brb -- with more
[millionday] Parliamentary Finance Committee considered that the percentage of investment expenditure in the budget year 2014 , amounting to nearly 40 percent good and fit with the existing capabilities of the ministries and provinces.
Member Committee Deputy Secretary Hadi stressed that the draft general budget for 2014 is still in the Council of Ministers , where it is subject to extensive discussion to be profitable and to meet the wishes of the Iraqi citizen , expecting to be sent to the House of Representatives next month.
[Suedon] Millionday. There has been a couple of places recently that mention the amount of violence has to decrease before a revaluation......have you seen in ink anything that would disagree?
[millionday] Suedon the violence has decreased they have a advanced security plan being implemented -- it is technical and will make a huge difference and is the most advanced in the world i am told but we shall see
[Leggs] I thought they already passed the 2014 Budget?????????????? Is this saying it still needs a vote?
[millionday] yes -- it is voted in this month -- they have completed it this is not an issue
[millionday] He called on Hadi to maintain the proportion of investment expenditure , amounting to about 40 percent of the value of the general budget, considering it a good fit with the possibilities existing in the ministries and provinces , taking into consideration the price of a barrel of oil in the event of increase the allocations will rise and the increase of more than energy provinces, he says , especially as the completion rate for projects not to exceed 50 percent for most of them .
Committee member said that in the event has increased the proportion of investment expenditure within Festuajhaa budget problem of absorption and implementation capacity by ministries and provinces , noting that it depends on the possibility of production , export and not on the price of a barrel of oil only.
[millionday] the next sentence is the reason why i brought this >>>>> Hadi pointed out that the calculation of the general budget on the basis of the price of a barrel of oil is $ 85-95 is a risk , and in return , Iraq has to ensure an oil reserve in the event of global oil prices fell and the occurrence of an economic boom .
[millionday] hmmm -- they would have to actually be experiencing the globe for the 2014 budget then --- make sense ? ] smile
[ronanmo] maybe just maybe it will RV wednesday at the start of there new year
[millionday] welcome back hun maybe it makes sense --- smile brb with more -- the application of Basel compliance is huge huge -- know that --- and did i say huge it is international compliance applied
[millionday] brb this is the reason you are at PI for news smile oh heck -- greAT BIG smile
[millionday] watch this good nes ssss
[millionday] The Iraqi economy is a clear absence in the application of good governance generates chaos reflected on the development plans that include investment projects. In this context, any economic researcher confirmed just need to be applied to companies and state departments directly related to investment.
[millionday] She told the (morning) that the current stage requires keep up with global developments in the application and adoption of regulations and modern software and the transition of trading paper to handle mail because of its significant impact in reducing the financial and administrative corruption relating to the implementation of investment projects by international companies.
It confirmed that the adoption of governance work in departments and ministries within Ataralma guarantees positive results to achieve the advancement and overall economic development as it prevents the manipulation of money and reduce the swindlers .
[millionday] application of all ministries to implement the economic reform and the market actually to the globe -- so governance whoop whooop whoooop put the coffee down and move to the fridge -- *
[Sager] wow nice!!!
[millionday] oh this is all rockin
[Horizon0000] Whoop Whoop Whoop!!!
[jimplants] move to the globe
[onthewings] Whoooop Whooooop
[hstrymknwmn] man I would LOVE to wake up to the reality rate option to be in my account* *
[cookie2] This is the best news night yet!!!!!!!!!!!!!!!!!!!!!
[Dianne777] hstrymknwmn a m e n
[Msbossydiva] whoop whoop whoop whoop whoop
[Dovi] oh Glo-RY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[millionday] nice time to move to the global market with total international banking regulation compliance
[DocTaylor] is there an idea of time and rate?
[millionday] lots of ideas
[Msbossydiva] glory be to god we are near the finish line
[ronanmo] wednesday..would suit me just fine
[millionday] yes it would suit me too hun
[ronanmo] fingers crossed..