Publication Details
Abstract
The study analyzes factors presented by the Basel Committee for managing liquidity, such as efforts to help banks working in Iraq and take advice from international standards that can be followed within the scope of best practices. Based upon an analysis of the two principal questions constituting the research problem, this study arrives at conclusions and recommendations indicating that it is perhaps time for banks to implement a holistic framework when assessing liquidity risk management. It encompasses formulating the plan, policy, and practices relevant to liquidity risk management along with the improvement of measurement tools, monitoring mechanisms, and controls. These results emphasize the need to comply with periodic disclosure obligations and call for relevant regulatory authorities to further promote their activities, in line with current challenges of the global banking market. The review also encourages the use of stress testing on the financial system so as to understand how it can cope with adverse conditions came to terms, ensuring that it undermines not only the publication of information about compliance with these standards, but also risk management and international best practices at the levels of both centers of international governance and oversight bodies.