From before

Noor Jumah Faleh Al Abedi

Supervised by

D R. Jenan Mahdi El Dahan

Abtract

Supervisory control is one of the most important functions of the Central Bank of Iraq. Through which it aims to find a strong and sound banking system, and this control is exercised over banks before. Inspection teams to ensure their compliance with laws and regulations, banking orders and instructions, the soundness of their financial positions and their banking reputation. The study aimed to clarify the concept of supervisory control, and compliance. What are the responsibilities and duties that fall on each of the supervisory control committee teams and the banking compliance staff, and is the supervisory oversight enhanced and supportive of banking compliance in Iraqi banks? to make recommendations. In order to achieve the goal of the study, the researcher used previous studies in. The theoretical side as well as access to books and other sources related to the topic of her research. Through it, the conceptual framework of supervisory control and banking compliance, while the practical aspect included the preparation of. A questionnaire consisting of a set of questions that fit the hypothesis developed by the researcher, and the research sample included the Control and Inspection Department in the General Directorate of Banking and Credit Supervision of the Central Bank of Iraq, Al-Rasheed Bank, Al-Rafi Dain Bank, and Trade Bank of Iraq (TBI). The researcher reached a set of theoretical and practical conclusions and recommendations, the most important of which is that proper banking supervision is a prerequisite for the continuity of banks’ activity and that it .

consists of a mixture of office supervision, cooperative supervision and field supervision (for inspection), where the Central Bank of Iraq exercises the function of supervisory control over the performance of banks to determine the extent of their compliance with the legislation. Banking and to identify weaknesses in the financial, administrative and operational aspects by determining the degree of banking risks to which banks are exposed in order to maintain the financial soundness of the banking sector. As well as a weakness in two dimensions (efficiency and experience, reviewing the level of awareness of the dimensions of compliance), where it was noted that most of the compliance monitors did not attend. For training courses held by the Central Bank of Iraq, which affects. Negatively their level of qualification to perform the job of compliance observer, and there are no controls or procedures. It ensures that their attendance at these courses is mandatory. The study also recommends the necessity for the Central Bank of Iraq to pay attention to the regulatory and oversight in developing methods, procedures and supervisory control work using advanced and modern programs and global databases for follow-up and early detection of risks, as well as the Central Bank of Iraq to pay attention to developing capabilities. Compliance Control Department staff, by introducing the Compliance Monitor, and his staff into carousels. Developmental, specialized training to increase efficiency, experience and awareness, and to engage compliance monitors with training courses outside Iraq, to deepen their expertise and benefit from the experiences of banks in other countries.                                       

Keywords (Supervisory Control, Banking Compliance)