The board of directors of the Central Bank of Iran has warned about consequences of the new legislation related to the banking and monetary system. In a meeting late on Wednesday, the board…
Banking Reform Bill
<p>Banking reform bill is developed by the Central Bank of Iran and Ministry of Finance and Economic Affairs. The bill aims to improve Islamic banking in line with the efficiency of financial tools, render banks’ investments and activities more transparent, update the electronic banking system, restructure oversight and design special ranking and rating systems to promote competition between lenders.</p>
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The Majlis on Sunday voted to discuss a comprehensive banking bill on a priority basis that seeks to augment the independence of Central Bank of Iran. As part of broader banking legislation,…
Banking-Reform-Bill
The governor of Central Bank of Iran says the initiative to remove four zeros from the national currency will take up two years because first the legal and technical infrastructure must be in…
Banking-Reform-Bill
Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its…
Banking-Reform-Bill
Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the…
Banking-Reform-Bill
President Hassan Rouhani’s Cabinet has redirected the two major banking bills aimed at reforming the Iranian banking system to the Central Bank of Iran, announced a member of the bank’s Fiqh…
Banking-Reform-Bill
Chances that the final draft of the Banking Reform Bill and the Central Bank Bill will be approved by the Iranian Parliament by the end of President Hassan Rouhani’s first term in the summer of…
Banking-Reform-Bill
Lawmakers will debate the Comprehensive Banking Bill during a plenary session on Sunday, said Mohammad Reza Pourebrahimi, a member of the Majlis Economic Commission.
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The much-anticipated banking bill which takes on major reforms in the key sector will be finalized in the parliament before the current fiscal year is out in March 2017, the head of the Majlis…
Banking-Reform-Bill
Banks and non-banking credit institutions have been explicitly defined in the new Banking Reform Bill and any institution wanting to enter the financial sector needs to obtain a license…
Banking-Reform-Bill
A revised version of the Banking Reform Bill will soon be sent to the parliament by the central bank, according to Ali Divandari, head of Monetary and Banking Research Institute.
In an…
Banking-Reform-Bill
Central Bank of Iran Governor Valiollah Seif has urged parliament to suspend the controversial banking reform bill due to be debated by lawmakers in the coming days.
Behrooz Bonyadi…
Banking-Reform-Bill
As the controversial banking reform bill awaits debate in parliament, the chief executive of a major private lender contends that the measure needs to be fully discussed by all…
Banking-Reform-Bill
A banking reform bill will soon be submitted to the government for review, deputy governor of the Central Bank of Iran Akbar Komijani said on Friday.
“It is expected that…
Banking-Reform-Bill
