The Banking Control Department is one of the main and important departments in the Central Bank of Iraq. It is an old establishment. The Central Bank is the supervisory authority for banks and non-bank financial institutions. Below is a brief summary of the functions of each department and divisions of this department:
Commercial Banking Control Section : - Registration and licensing of banks, conducting office and field audits, developing a set of international standards for monitoring banks, how to comply with them, developing a mechanism for preparing instructions,
Islamic Banking Control Department : - Registration, licensing of banks, conducting office and field audits, and establishing a set of international standards for monitoring banks. How to comply with them, compliance with Shari'a supervision requirements, development of a mechanism to prepare instructions and formulate regulations governing the functioning of Islamic banks, and strengthen monitoring by analyzing and evaluating periodic performance.
Credit Information and Public Protection Section : - Credit registry operations, customer affairs and beneficiaries include banking awareness and outreach to civil society organizations.
Non-bank financial institutions monitoring : - Registration and licensing of companies, carrying out desk and field audits, developing a set of international standards for monitoring these companies, how to comply with them, developing a mechanism to prepare instructions and formulate controls on the work of companies and strengthen monitoring by analyzing and evaluating periodic performance.
Department of Banking Performance Analysis and Risk Control : This section analyzes the performance of banks through the audit of financial statements and the assessment of risks to which they are exposed.
Division of Review of Foreign Currency Buying and Selling Operations : This Division is responsible for monitoring banks in terms of their compliance with and compliance with the provisions of the sale of foreign currency whether through the window of sale and purchase of foreign currency remittances and credits.
Information Technology Audit Division in Banks and Companies : - Follow up and audit of electronic systems for banks and financial companies of this department, study the reports submitted by the international audit companies (external auditor) contracting with banks and the control and audit of information and communications technology and risk management.
https://cbi.iq/news/view/795
Commercial Banking Control Section : - Registration and licensing of banks, conducting office and field audits, developing a set of international standards for monitoring banks, how to comply with them, developing a mechanism for preparing instructions,
Islamic Banking Control Department : - Registration, licensing of banks, conducting office and field audits, and establishing a set of international standards for monitoring banks. How to comply with them, compliance with Shari'a supervision requirements, development of a mechanism to prepare instructions and formulate regulations governing the functioning of Islamic banks, and strengthen monitoring by analyzing and evaluating periodic performance.
Credit Information and Public Protection Section : - Credit registry operations, customer affairs and beneficiaries include banking awareness and outreach to civil society organizations.
Non-bank financial institutions monitoring : - Registration and licensing of companies, carrying out desk and field audits, developing a set of international standards for monitoring these companies, how to comply with them, developing a mechanism to prepare instructions and formulate controls on the work of companies and strengthen monitoring by analyzing and evaluating periodic performance.
Department of Banking Performance Analysis and Risk Control : This section analyzes the performance of banks through the audit of financial statements and the assessment of risks to which they are exposed.
Division of Review of Foreign Currency Buying and Selling Operations : This Division is responsible for monitoring banks in terms of their compliance with and compliance with the provisions of the sale of foreign currency whether through the window of sale and purchase of foreign currency remittances and credits.
Information Technology Audit Division in Banks and Companies : - Follow up and audit of electronic systems for banks and financial companies of this department, study the reports submitted by the international audit companies (external auditor) contracting with banks and the control and audit of information and communications technology and risk management.
https://cbi.iq/news/view/795