Will Aoun's signature challenge the banking law

After Lebanese President Joseph Aoun signed the banking reform law, which reorganizes and regulates banks in Lebanon, approved by the Parliament and numbered 71, all eyes are now on the potential for a judicial challenge to the law by Banque Lebanon Governor Karim Sā'id and some members of parliament, despite Aoun's rejection of pressures that attempted to deter him from signing it. The law is considered one of the most significant financial reform plans and has received international community approval, but it faces opposition from certain political factions aiming to preserve Banque Lebanon’s authorities and related provisions. Meanwhile, analysts suggest there is a possibility that some MPs might pursue legal action to challenge the law.

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