Trade Bank of Iraq is the Golden Sponsor of the Governance, Risk Management and Compliance Forum

Trade Bank of Iraq is the Golden Sponsor of the Governance, Risk Management and Compliance Forum

Trade Bank of Iraq (TBI) proudly participated as a gold sponsor in the Governance, Risk Management, and Compliance (GRC) Forum, held at the Babylon Rotana Hotel on May 28, 2024. This event plays a significant role in spreading banking culture on these vital topics, the event was attended by representatives of the Presidency of the Council of Ministers, the Central Bank of Iraq, and other private sector banks.

The focus on governance policy, which include processes, policies, management, and the application of laws governing the institution, aims to ensure its effective, transparent, and reliable operation. Compliance serves as the monitor of the implementation of these laws and policies, ensuring their execution according to the specified standards, thus improving resource utilization and enhancing trust. Risk management’s role is to identify and assess potential impacts on the institution’s ability to achieve its objectives, analyze expected risks, and develop proactive strategies to address them. All these processes align with the government’s program and the Iraqi government’s reform agenda.

TBI management’s commitment to participating in such specialized forums and conferences highlights their practical and specialized approach to developing financial and banking institutions, contributing to the growth of the financial and economic sector.