Restructuring of Iraqi banks. Government plan to protect the financial sector
Financial Advisor to Prime Minister Mazhar Mohamed Saleh confirmed on Wednesday that the government and the Monetary Authority are working on a comprehensive reform of the national banking system, with the aim of enhancing its stability and protecting it from the repercussions of any default in integration with the global financial system.
Saleh explained to {Al-Furat News} that “the reform efforts include restructuring of private and government banks, pointing out that the American specialized company Oliver Wyman is currently studying the status of private banks, while E&Y is working on evaluating government banks, to come up with a unified vision aimed at developing the banking sector and ensuring its effective integration into the international financial system.”
From.. Ragheed
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