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1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

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"Humbled" - GCR/RV Update - Friday - December 2, 2016

Received via email at 11:11 PM EST for publication. ~ Dinar Chronicles Word from Asia is that Grandfather mercifully released humani...

Wednesday, September 7, 2016

News Time w/ rcookie, Hutch at Dinar Updates 9/6/16 - Part 2

NEWSTIME WITH RCOOKIE and HUTCH Tuesday, September 6, 2016 - Part 2

rcookie says(7:23 PM):

THERE ARE 15 MANDATED HIRES IN THE NEWLY FORMED EXECUTIVE AML/CFT DEPARTMENT ALONE...

NO MORE CBI BOARD MEMBERS ALLOWED ON THE AUDIT/REVIEW BOARD...........WHOLE NEW WAY OF DOING BUSINESS WITH ACCOUNTABILITY AND TRANSPARENCY...

WE JUST WENT OVER THE ENTIRE BANKING SUPERVISION REFORMS FROM THE 2016 LOI/MEFP/TMU WITH ALL OF THE DEADLINES....TELLS YOU EXACTLY WHEN THEY WILL BE HIRED AND IN PLACE BY....

PERFECT TIMING FOR CHANGE OUTS ACROSS THE BOARD IF THAT IS THE PLAN...

hutch says(7:26 PM):

MORE GOOD STUFF !!!

rcookie says(7:26 PM):

MOTIVE & OPPORTUNITY...

hutch says(7:27 PM):

SEEMS THAT IT IS......

ANY QUESTIONS OR COMMENTS >

MORE GOOD STUFF !!!

subgirl says to hutch(7:27 PM):

GO lol

rcookie says(7:27 PM):

GO HUTCHSTER

LOL

subgirl says to rcookie(7:27 PM):

SRW says(7:27 PM):

?

hutch says(7:27 PM):

NO YOU GOOFS I DIDNT GET THE ? UP !

hutch says to SRW(7:27 PM):

GO

rcookie says(7:28 PM):

NO...ELANES # IS TOP SECRET...

SRW says(7:28 PM):

Who in your opinoin would replace Alak? Rcookie

hutch says(7:28 PM):

THE TOP PICK JUST DIED

Nomad says(7:29 PM):

?

SRW says(7:29 PM):

Yes the question is for Rcookie

hutch says(7:30 PM):

OK...... SORRY I KEEP FORGETTING THAT IM JUST A MOD

rcookie says(7:30 PM):

THE DEPUTY GOVERNOR THAT JUST DIED WAD THE LEADING CANDIDATE ALWAYS TALKED ABOUT WHEN REPLACING ALAK....SO NOW.....GREAT QUESTION...

hutch says to Nomad(7:30 PM):

HANG ON PLEASE

hutch says to Nomad(7:31 PM):

GO

Nomad says(7:31 PM):

Who was that...that died?

Nomad says(7:31 PM):

question asked and answered...thanks

rcookie says(7:31 PM):

ILL BRING YOU HIS NAME

Nomad says(7:32 PM):

?

rcookie says(7:32 PM):

AKBAR IS HIS NAME...

hutch says to Nomad(7:32 PM):

GO

rcookie says(7:32 PM):

WAS

Nomad says(7:32 PM):

What about Shabibi?

rcookie says(7:33 PM):

HES LIKE 112

cjquade54 says(7:33 PM):

73

daytrader says to rcookie(7:33 PM):

July, 1941

rcookie says(7:33 PM):

AND BESIDES WHO IS MR WHITE GOING TO WORK OUT WITH...

Nomad says(7:33 PM):

comment

larrykn says to rcookie(7:33 PM):

not that old

SRW says(7:34 PM):

?

Saleh?

hutch says to Nomad(7:34 PM):

GO

rcookie says(7:34 PM):

I KNOW...BUT I AM NOT A SHABS THEORIST...AT ALL...

Nomad says(7:34 PM):

but the smartest guy on the block

hutch says to rcookie(7:34 PM):

THERE ARE SOME HERE THAT ARE

HE'S TOO HAPPY WHERE HE IS

rcookie says(7:35 PM):

WHY THERES CHOCOLATE & VANILLA...

loop says(7:35 PM):

Shabibi has a plush position with the IMF. He will not be back as the GOV of the CBI

hutch says to rcookie(7:35 PM):

READY FOR NEXT ONE ?

rcookie says(7:35 PM):

BRING IT..

hutch says(7:36 PM):

ARTICLE 3

Legislation «Basel» operating environment for banks

September 6, 2016

in the media center , articles comments on the legislation «Basel» operating environment for banks closed

index

I talked on several occasions, particularly in the words and lectures that I gave during Trasa Union of Arab Banks , About the need to take the privacy of Arab Banks conditions into account when applying the international legislation, including legislation «Basel 2 and 3».

We recognize that «the Basel Committee» subjected to international standards for the broad consultations with regulators and financial institutions before they are issued, however, it can not be for the Commission to accommodate all the comments and suggestions that link to it. Therefore, they usually give some flexibility on the application of standards both in terms of scale and in terms of deadlines.

We noticed one in particular through seminars and conferences held under the umbrella of the Union of Arab Banks or other authorities, that the fundamental aspect of the palaces is going on international legislation, including legislation «Basel», and limits their ability to accommodate the peculiarities and characteristics of countries where it is applied, which is that this legislation is not incorporation have explained and justified in theory in a comprehensive and integrated, ie they take the operational side rather than the conceptual and institutional side, what makes them linked to and affected by a specific operational environment is the environment that have been developed in which, while overlook other operating environments that will apply the properties. While the development of the conceptual and institutional framework for such legislation, making it the premises or guidelines are applied according to different banking environments.

Here we differentiate between legislation that are formulated at the level of each country, in this case should be subject to the operational environment which will be issued in, and between international legislation, which will be circulated to all countries, and here we must conceptual framework put her as guidelines In order take into account when applied to local operating environments for different countries when applied.

But if we look at the subject of banking legislation at the local level, we see that the banking environment is ultimately a social context consists of under control (banks), regulators (central banks), and the shareholders, depositors, creditors and the general public. Also, this environment is governed by a set of inputs such as technology and the human element of social and political, economic and cultural situation prevailing ... .etc.

For example, when the central bank to put any legislation on job banks, it inevitably will be affected by the technological infrastructure has in banks, banking and merit, and political and social situation, the economic and strategic objectives. These in turn are affected by the political and institutional structure of the country as a whole.

In addition, any defect or failure in one of the surrounding elements or some of them in turn will affect the banks of the legislation laid down an application by the central bank, and is likely to lead to a negative impact on another category, such as depositors in case of bank failures to remain able to pay He has liquidity.

Both the banks and the regulators look at the legislation and banking supervision in a different form the other. Banks consider legislation and interact with them from the perspective of maximizing profits, and increase the governor of lending and investment, and increase market share, and thus superiority over its competitors, and attract more deposits, and so on.

The priorities set by the executive departments of the banks to their goals you want to achieve from such legislation will vary depending on the culture of its Board of Directors and executive management, vision and philosophy albeit mostly involved in almost the same goals.

On the other hand, central banks look at the legislation, you develop from the perspective of the overall political and economic environment, the protection of the country, as well as to reassure the public to avoid panic and lack of confidence in the political and economic order.

Therefore, the regulatory bodies that put legislation should not be limited to the study of the achievement of the goals that look at it from the angle for even those banks expect to achieve as well. And not only that, but on the surrounding banks and that have already been mentioned, such as technological and human development and resources, social and political climate and the economic situation, in order to be successful provision of kits and its factors for the application of the legislation as much as possible operating environment familiarize central banks.

We conclude from the foregoing that the development of legislation at the local level should be seen as the operating environment, while at the international level should not focus on a particular operating environment, and should not restrict our consideration when placed on a set of equations and sporting rules and relationships and effectiveness to achieve a set of goals set by the authorities regulators, which could not be explained by one or two theories. It can not be justified on the back of only one officer, such as economic and operational characteristics of the environment, because it would be varying between one country and another.

When the supervisory authority in the country to apply international legislation such as the decisions of the «Basel» should be taught the application of this legislation in the context of the unique cultural features of the operating environment for banks in the country. In addition, the institutional characteristics within each country should be seriously considered by the banking supervisory authority, before the imposition of international legislation specifics in this country.

Adnan Ahmed Yousif

rcookie says to loop(7:39 PM):

SO HERE IS SOME REPORTING ON ARAB BANKING AND BASEL 2 & 3 COMPLIANCE...

rcookie says(7:39 PM):

THEY POINT OUT THE FLEXIBILITY IN APPLYING REGULATIONS...SIMILAR TO WTO ACCESSION AND ARTICLE VIII OBLIGATION ACCEPTANCE WHERE WE SEE THAT AS OPPOSED TO WHAT SOME GURUS IMPLY...IS NOT A RIGID...PAROCHIAL MINDED SET OF STANDARDS WHEREBY YOU ARE EITHER IN OR OUT...

THEY CONSIDER THE CONCEPTUAL SIDE AS WELL AS OPERATIONAL SIDE AND REALLY GIVE PRIORITY TO THE LOCAL OPERATING ENVIRONMENT IN APPLYING THESE STANDARDS...

THEY ARE OUTLINING THE DIFFERENCES BETWEEN THE BANKING LEGISLATION THAT WILL IMPACT THE LOCAL AND INTERNATIONAL LEVELS...AND HOW THEY WILL INTERPLAY...AND THEIR CENTRAL BANKS ROLE TO IMPLEMENT POLICIES THAT REASSURED THE PUBLIC AND AVOID PANIC...

hutch says(7:42 PM):

ANY QUESTIONS OR COMMENTS?

hutch says(7:44 PM):

OK..... LETS OPEN UP THE ROOM FOR AN OPEN Q&A BRING THEM ON !!!!!!

jimplants says(7:44 PM):

GREAT NEWS and even better news for me the tax man has agreed to my proposal so i need to go and move the loader off of him so he can climb out of that hole and sign off on the paper work! good night everyone

rcookie says to jimplants(7:44 PM):

GN JIM....

Holly1 says to jimplants(7:45 PM):

SLEEP SWEET MY FRIEND

jimplants says(7:45 PM):

thank you all be blessed

rcookie says(7:45 PM):

What is 'Basel II'

Basel II is a set of international banking regulations put forth by the Basel Committee on Bank Supervision, which leveled the international regulation field with uniform rules and guidelines. Basel II expanded rules for minimum capital requirements established under Basel I, the first international regulatory accord, and provided framework for regulatory review, as well as set disclosure requirements for assessment of capital adequacy of banks. The main difference between Basel II and Basel I is that Basel II incorporates credit risk of assets held by financial institutions to determine regulatory capital ratios.

BREAKING DOWN 'Basel II'

Basel II is a second international banking regulatory accord that is based on three main pillars: minimal capital requirements, regulatory supervision and market discipline. Minimal capital requirements play the most important role in Basel II and obligate banks to maintain minimum capital ratios of regulatory capital over risk-weighted assets. Because banking regulations significantly varied among countries before the introduction of Basel accords, a unified framework of Basel I and, subsequently, Basel II helped countries alleviate anxiety over regulatory competitiveness and drastically different national capital requirements for banks.

hutch says(7:46 PM):

ONCE MORE FOR Q&A?

rcookie says(7:47 PM):

Minimum Capital Requirements

Basel II provides guidelines for calculation of minimum regulatory capital ratios and confirms the definition of regulatory capital and 8% minimum coefficient for regulatory capital over risk-weighted assets. Basel II divides the eligible regulatory capital of a bank into three tiers. The higher the tier, the less subordinated securities a bank is allowed to include in it. Each tier must be of certain minimum percentage of the total regulatory capital and is used as a numerator in the calculation of regulatory capital ratios.

Tier 1 capital is the most strict definition of regulatory capital that is subordinate to all other capital instruments, and includes shareholders' equity, disclosed reserves, retained earnings and certain innovative capital instruments. Tier 2 is Tier 1 instruments plus various other bank reserves, hybrid instruments, and medium- and long-term subordinated loans. Tier 3 consists of Tier 2 plus short-term subordinated loans.

Another important part in Basel II is refining the definition of risk-weighted assets, which are used as a denominator in regulatory capital ratios, and are calculated by using the sum of assets that are multiplied by respective risk weights for each asset type. The riskier the asset, the higher its weight. The notion of risk-weighted assets is intended to punish banks for holding risky assets, which significantly increases risk-weighted assets and lowers regulatory capital ratios. The main innovation of Basel II in comparison to Basel I is that it takes into account the credit rating of assets in determining risk weights. The higher the credit rating, the lower risk weight.

Regulatory Supervision and Market Discipline

Regulatory supervision is the second pillar of Basel II that provides the framework for national regulatory bodies to deal with various types of risks, including systemic risk, liquidity risk and legal risks. The market discipline pillar provides various disclosure requirements for banks' risk exposures, risk assessment processes and capital adequacy, which are helpful for users of financial statements.

Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. The Basel Committee on Banking Supervision published the first version of Basel III in late 2009, giving banks approximately three years to satisfy all requirements. Largely in response to the credit crisis, banks are required to maintain proper leverage ratios and meet certain minimum capital requirements.

BREAKING DOWN 'Basel III'

Basel III is part of the continuous effort to enhance the banking regulatory framework. It builds on the Basel I and Basel II documents, and seeks to improve the banking sector's ability to deal with financial stress, improve risk management, and strengthen the banks' transparency. A focus of Basel III is to foster greater resilience at the individual bank level in order to reduce the risk of system-wide shocks.

Minimum Capital Requirements

Basel III introduced tighter capital requirements in comparison to Basel I and Basel II. Banks' regulatory capital is divided into Tier 1 and Tier 2, while Tier 1 is subdivided into Common Equity Tier 1 and additional Tier 1 capital. The distinction is important because security instruments included in Tier 1 capital have the highest level of subordination. Common Equity Tier 1 capital includes equity instruments that have discretionary dividends and no maturity, while additional Tier 1 capital comprises securities that are subordinated to most subordinated debt, have no maturity, and their dividends can be cancelled at any time. Tier 2 capital consists of unsecured subordinated debt with an original maturity of at least five years.

hutch says(7:48 PM):

WE WOULD LIKE TO THANK MR & MRS BGG, ALONG WITH ALL OF THE MODS, COPIERS AND NEWS RESEARCHERS FOR MAKING DINAR UPDATES YOUR BEST SOURCE FOR DINAR NEWS !!

BE SURE TO TUNE IN TOMORROW NIGHT FOR A CALL, WITH OUR SPECIAL “MOD” GUEST!

subgirl says to hutch(7:49 PM):

yyaayy!!!

rcookie says(7:49 PM):

THANK YOU EVERYONE FOR A GREAT NT!!...

1bobby says(7:49 PM):

Thank you

hutch says(7:49 PM):

THANKS MS MAGS FOR COPYING AND COLORING ! THANKS SUBBY FOR ALL OF YOUR HARD WORK !! HAVE A GREAT NIGHT EVERYONE !!!!

rcookie says(7:49 PM):

THANK YOU SO MUCH MISS MAGS AND SUBBY!!

Elane says(7:49 PM):

Thankyou everyone...

rcookie says(7:49 PM):

HUTCHSTER....YOU ROCK BROTHER!!!

subgirl says to hutch(7:49 PM):

thank you HUTCH for all your hard work!!! sure appreciate you and all you do for our site!!!

larrykn says(7:50 PM):

thank you guys , you all did a great job

bubbles says(7:50 PM):

thank you

subgirl says to rcookie(7:50 PM):

thanks for all the news you bring in... Sure appreciate you too

rcookie says(7:50 PM):

GREAT QUESTIONS...COMMENTS AND CONVERSATION DU!!....THANK YOU!!...

Brian09 says(7:50 PM):

.....as always - Great Appreciation and Thanks for the Spectacular Team effort here at DU!!!

Nomad says(7:50 PM):

Nomad: I was still trying to digest the Basel Information.

Holly1 says(7:51 PM):

RCOOKIE YOU ARE ONE AWESOME PERSON TYVM .. DAY IN DAY OUT ... WE LOVE YA

rcookie says(7:51 PM):

RIGHT BACK AT YA HOLLY!!........TYVM...

SRW says(7:52 PM):

Thanks DU!! Great Team!!

Nomad says(7:52 PM):

Thank you one and all...and a very good night!

rcookie says(7:52 PM):

BBIAB

Holly1 says to rcookie(7:52 PM):

AND COWBOY HUTCH ... TAKING THIS TIME WITH US ... KNOWING WHAT A BUSY MAN HE IS TY COWBOY HUTCH

eman4u55 says(7:52 PM):

is there a call later

Holly1 says to rcookie(7:53 PM):

SHUCKS THIS SITE JUST ROCKS

hutch says to eman4u55(7:53 PM):

NO

eman4u55 says(7:53 PM):

thx

Brian09 says(7:53 PM):

Hutch, RCookie, Holly, Subby and the whole team - Thank YOU!!!

hutch says to Holly1(7:53 PM):

COWBOY ???

Marilynjoy says(7:54 PM):

Is Iraqs calendar and fiscal year the same dates?

magnetlady says(7:54 PM):

Thanks to you RCookie and Hutch for bringing us all the news each and every day



Back to Part 1

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