Finance Committee to conclude Banking Law

Article 16 of the Deposit Recovery Law has been reinstated into the banking reform bill in Lebanon. It was previously part of the Financial Regulation Law and pertains to deposit recovery. The remaining provisions involve the Finance and Budget Committee's review of the authority of the Higher Banking Commission, reform mechanisms, and the establishment of specialized courts for financial cases, with a focus on monitoring transfers by officials after October 2019. To date, 10 key articles of the law have been approved, with the remaining articles expected to be completed today.

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