Kanaan on Depositors' Rights and Financial Stability

We present a financial and statistical bulletin. Deputy Ibrahim Kanaan announced, after a meeting of the Finance Committee, the completion of the banking reform law following approximately a month and a half of discussions. Only the appendix remains, which will be addressed in an upcoming final session scheduled for next Monday. Kanaan emphasized the committee's commitment to safeguarding depositors' rights, especially concerning the linkage to the deposit recovery law and the regulation of the financial situation. It was also noted that there are remarks from the International Monetary Fund regarding the government's proposed draft. The discussions further focused on the importance of restoring the confidence of the Lebanese people and advancing essential financial reforms. The committee is preparing to issue a comprehensive report on the new law in the coming days.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article