36350
System to Improve Banks’ Transparency
Economy, Business And Markets

System to Improve Banks’ Transparency

The Central Bank of Iran has sent a new set of balance sheet templates to the banks to improve their financial transparency and international operations, EghtesadNews reported.  The CBI’s department for supervisory affairs, in a letter to the CEOs of banks, noted that the quality of financial statements will be the criteria for assessing banks’ performance and the cut in their reserve requirements. The CBI had promised law-abiding banks that it would cut their reserve requirements up to 3% in October as part of a government stimulus package. The new templates are developed based on International Financial Reporting Standards (IFSB) and in accordance with ‘usury-free banking’ regulations.

 

Short URL : http://goo.gl/KJ4ubi
  1. http://goo.gl/Ntl0nz
  • http://goo.gl/6vIYHo
  • http://goo.gl/tuem5Q
  • http://goo.gl/ncjy02
  • http://goo.gl/LKW2m5

You can also read ...

Multilateral MoU to Expand INSTC
Railroad entities of Iran, Azerbaijan, Russia and Belarus...
A ceremony was held to mark National Export Day in Tehran on Oct. 21.
Iran’s National Export Day was marked in a ceremony held in...
Istanbul to Host Iranian Expo
The Turkish capital Istanbul will host a four-day exhibition...
CI Ratings Affirms Iran’s Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI), the...
S. Africa-Iran Business Forum Next Week
South Africa’s Department of Trade and Industry and its...
Real Rial Rate Main Booster of Exports
Iranian exports are currently suffering as a result of an "...
Banks Obliged to Set Up Compliance Department
The Central Bank of Iran in its latest directive publicized on...
BMW Offices Raided in Cartel Investigation
BMW’s headquarters were raided by European Union officials...

Trending

Googleplus