11 Hrs
Source:
الشرق اللبنانية
Hakim: Restructuring law necessary but insufficient
The article discusses the importance of passing a law to restructure banks in Lebanon. It considers this step necessary but not sufficient after years of procrastination and disagreements. It emphasizes the need to distinguish between viable and non-viable banks and to work on recapitalizing healthy banks to protect depositors' rights and support the economic sector. The article also stresses the importance of clearly defining responsibilities and losses, and ensuring that sound banks are not burdened with the liabilities of struggling ones. Additionally, it highlights the significance of not marginalizing the roles of the state and Banque du Liban in financial and banking reforms, and calls on Lebanon to re-engage in negotiations with the International Monetary Fund in a way that reflects its interests and sovereignty.
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