President Joseph Aoun during his inaugural speech to the cabinet. (Credit: Mohammad Yassin/L'Orient-Le Jour)
Among the priorities outlined by President Joseph Aoun in his inaugural address on Jan. 9, economic and financial reforms hold a prominent position, following key sovereign issues related to diplomacy, sovereignty and judicial independence. Read more Joseph Aoun: A modern echo of ‘Chehabism’ In a country still grappling with the fallout of its financial and banking crisis more than five years after its onset, one statement stood out: “There are no secrets in the banking sector, except for professional confidentiality.”According to sources close to the Baabda Presidential Palace, a revision of the banking secrecy law appears inevitable due to persistent criticism from the International Monetary Fund (IMF) and other international bodies such as the Financial Action Task Force (FATF), which recently placed Lebanon back on its list of...
Among the priorities outlined by President Joseph Aoun in his inaugural address on Jan. 9, economic and financial reforms hold a prominent position, following key sovereign issues related to diplomacy, sovereignty and judicial independence. Read more Joseph Aoun: A modern echo of ‘Chehabism’ In a country still grappling with the fallout of its financial and banking crisis more than five years after its onset, one statement stood out: “There are no secrets in the banking sector, except for professional confidentiality.”According to sources close to the Baabda Presidential Palace, a revision of the banking secrecy law appears inevitable due to persistent criticism from the International Monetary Fund (IMF) and other international bodies such as the Financial Action Task Force (FATF), which recently placed Lebanon back on its...