MECHANISMS OF ORGANIZING BANKING COMPETITION IN IRAQI AND COMPARATIVE LAW
Keywords:
banking merger, competition council, monopolyAbstract
Maintaining a proper competitive path requires the need to provide legal means and mechanisms that ensure this achievement, as the regulation of banking competition will not be limited to the need to follow the legal rules for its regulation, but that these mechanisms may find rooted even for the laws regulating banking and from reviewing the legal texts related to the regulation of competition, we find that legislators have adopted several mechanisms to achieve this, and where theThe purpose of these mechanisms that enable to meet the requirements of the aspirations of liberalization of banking services, which is the regulation of competition between banking institutions, and that these mechanisms include banking merger, the organization of the licensing authority, and the strengthening of the role of the Competition Affairs Council, in addition to that the regulation of these means came in light of the response to the legislative requirements required by the provisions of international agreements issued by the World Trade Organization, especially the General Agreement on the Liberalization of Trade in Services and its annexes (especially Annex I - Financial Services Annex) and from Continuing the research, we find that all the mechanisms and legal rules contained in the banking laws had absorbed the totality of the provisions contained in that agreement
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