Tishwash: The Union of Arab Banks praises the efforts of the Central Bank to enhance the strength of the Iraqi banking sector
The Secretary-General of the Union of Arab Banks and Sam Hassan Fattouh made a phone call with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, during which they reviewed the efforts of the Central Bank in the framework of banking reform in the country, and the Secretary-General Fattouh expressed his appreciation for these efforts aimed at enhancing the strength of the Iraqi banking sector and its ability to Securing banking services according to the highest international standards.
“The two sides reviewed aspects of joint cooperation at several levels, as the Governor of the Central Bank of Iraq explained the reform plan that is mainly based on activating the supervisory approach and increasing confidence in the Iraqi banking sector with the aim of empowering the sector and enhancing its development and economic role,” said a bank statement. And work to build relationships with banks and international financial institutions. ”
He added that the two sides discussed the issue of research and technical support in the field of digital transformation of banking work and the training and qualification of human resources in the Iraqi banking sector, which includes an elite group of experts in addition to the Central Bank of Iraq, in line with modern banking developments, working within its framework, and activating the sector’s role in providing support and support. Economic and social improvement of the investment environment in the country.
For his part, the Secretary-General of the Union of Arab Banks, Wissam Hassan Fattouh, affirmed that it has been agreed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, to agree to establish joint activities, including conferences and special training courses in the field of compliance, governance and digital transformation in a way that serves and contributes to achieving what has been agreed upon. between two sides.
Fattouh concluded by affirming that the Union of Arab Banks had put all its capabilities to support the reform efforts of the Central Bank of Iraq, and to provide technical and technical support to Iraqi banks, especially in the areas of digital transformation, combating money laundering and terrorist financing.
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