86430
CAR is one of the biggest weak points of the country, as the Central Bank of Iran still operates on the  more than two-decade old Basel I standards.
CAR is one of the biggest weak points of the country, as the Central Bank of Iran still operates on the  more than two-decade old Basel I standards.
Tuesday, May 15, 2018

MRC: Most Banking Woes Unrelated to Sanctions

Despite the common perception of the people and some of the country’s elite, a considerable portion of problems in Iranian banks’ correspondent relations with global counterparts is rooted in non-sanction reasons
Tuesday, May 15, 2018

MRC: Most Banking Woes Unrelated to Sanctions

After reviewing Iran’s conformance to a host of international banking regulations and standards, the research arm of the parliament has noted that the country’s banking woes are rooted internally and called for directing attention and resources to improve the system.
“Despite the common perception of the people and some of the country’s elite, a considerable portion of problems in Iranian banks’ correspondent relations with global counterparts is rooted in non-sanction reasons,” the Majlis Research Center said in its report published on its website.
The think tank, however, acknowledged that hard-hitting financial sanctions of previous years effectively cut Iran’s ties with global partners and made it fall behind from upgrades in international regulations and standards. 
The analytical report comes as US President Donald Trump violated Iran’s nuclear deal with world powers and announced on May 8 that he will be reimposing the hardest possible sanctions against Iran.

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/gstFpx
05/15/2018
  1. https://goo.gl/86gMcN
  • https://goo.gl/jqv48a
  • https://goo.gl/uJbntg
  • https://goo.gl/C5CRqz
  • https://goo.gl/wxgdYP

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Add new comment

Trending

Googleplus