The Improvement of Payment Systems, Clearing, and Banking MIS Systems
Progress to date in modernizing Iraqi banking systems and challenges for the future.

Panel Participants

• Moderator:  Larry SanBoeuf, Senior ICT Advisor, USAID Izdihar Project
• Safwan Abdul Latif Jassim, Executive Manager, IT Payments Department, Central Bank of Iraq
• Carl Rosenquist, Senior Strategic Business and IT Consultant, Montran Corporation
• Naomi J. Mobed, Citigroup, Financial and Public Institutions, Europe, Middle East  and Africa, Global Transaction Services, Global Corporate and Investment Banking

Topics Discussed

1. Background
1. Banking MIS system improvements underway since 2003
2. Software companies offering their products and services in Iraq
2. Overview of payment clearing and processing operations in Iraq
1. Baghdad and regional clearing houses
2. Intra- and inter-bank domestic clearing and processing
3. International payments clearing and processing
3. Anticipated MIS requirements with reference to the Central Bank of Iraq
   1. Records management
   2. Payments operations; throughput, auditability, etc.
   3. Anti-money laundering
   4. Other reporting requirements, deposit reserves, loan classification requirements, etc.

Reference Works

Bank for International Settlements (BIS), Basel Committee on Payment and Settlement Systems. “General Guidance National Payment System Development ”. CPSS Publications No. 70. January 2006. Online. Available: http://www.bis.org/publ/cpss70.htm

Bank for International Settlements (BIS), Basel Committee on Payment and Settlement Systems. “The Role of Central Bank Money in Payment Systems”. CPSS Publications No. 55. August 2003. Online. Available: http://www.bis.org/publ/cpss55.htm

Montran. “The Improvement of International and Domestic Wire Transfer Systems: Leveraging the Iraq Payment Systems Infrastructure to Deliver Customer Benefits and Secure Payments in Iraq”. April 2007.

For additional information on summit presentations and proceedings, contact us at communications@izdihar-iraq.