Majlis Discusses Shadow Banks

Lawmakers on Tuesday had a closed-door meeting with the Governor of Central Bank of Iran Valiollah Seif, as the regulator’s actions had become a talking point in the controversy surrounding unlicensed credit and financial institutions. “During the meeting with Valiollah Seif and his colleagues, Massoud Pezeshkian , deputy Majlis speaker who has a mandate from Majlis to probe into unlicensed credit institutions, presented a report,” Majlis Speaker Ali Larijani said after the meeting. According to Larijani, MPs gave CBI a week to solve depositors’ problem with struggling credit institutions, including Caspian, and provide a report to the parliament. Last week, Seif and Economy Minister Ali Tayyebnia held a meeting with Majlis Presiding Board members, in which it was decided that the government should reimburse a group of depositors who have lost their savings.