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BANKING SECTOR

Deposits restitution: What is the value of MP Farid Boustany's bill?

The bill’s drafters have ruled out any new banking resolution or financial cleanup plan that would unilaterally impose a 'haircut,' 'bail-in,' or 'lirification' at a depreciated exchange rate.

Deposits restitution: What is the value of MP Farid Boustany's bill?

The facade of the Bank of Lebanon with graffiti presumably left by a group supporting the depositors' cause, on January 30, 2025. (Credit: P.H.B./L'Orient Le-Jour)

Amid Prime Minister Nawaf Salam’s efforts to form a new government, the banking resolution project — rejected by Najib Mikati’s caretaker cabinet in early January and later entrusted to his deputy, Saadeh Chami, for further revisions — appears to...
Amid Prime Minister Nawaf Salam’s efforts to form a new government, the banking resolution project — rejected by Najib Mikati’s caretaker cabinet in early January and later entrusted to his deputy, Saadeh Chami, for further revisions — appears to...