3 Hrs
Source:
نداء الوطن
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Finance Committee Approves 10 Bank Reform Items
The Lebanese Finance and Budget Committee, headed by Representative Ibrahim Kanaan, approved 10 provisions of the "Banking Reform Law," including those related to the full powers of the High Banking Authority, reform mechanisms, and recapitalization processes. The committee emphasized the need to enforce measures against politicians and officials who made financial transfers abroad after October 17, 2019, and to impose the reversal of those transfers. Kanaan confirmed that the committee is working to boost confidence in the Lebanese banking sector and to protect depositors' funds, highlighting the importance of structural reforms and accountability. The discussion on the law will continue in an upcoming session.
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