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BDL wins the government’s support on bank restructuring

The Central Bank’s governor officially revealed his counterproposal for the High Banking Authority, securing major concessions from the government.

BDL wins the government’s support on bank restructuring

(Illustration: L'Orient-Le Jour)

The most recent meeting of the parliamentary subcommittee tasked with overseeing amendments to the banking sector reform draft law, held on Thursday, July 10, was once again particularly heated. At the heart of the discussions was a controversial proposal presented by Central Bank Governor Karim Souhaid, aimed at establishing a dual-structure for the High Banking Authority, replacing the single-body model initially proposed by the government.This initiative, which deeply reshapes the structure of the body responsible for overseeing the banking sector’s overhaul, immediately sparked suspicion among the Change MPs. They see it as a coordinated maneuver between BDL and the executive branch. Read more Financial nominations: The blockade of sectarianism against the urgency of reforms According to a source close to the Finance Ministry,...
The most recent meeting of the parliamentary subcommittee tasked with overseeing amendments to the banking sector reform draft law, held on Thursday, July 10, was once again particularly heated. At the heart of the discussions was a controversial proposal presented by Central Bank Governor Karim Souhaid, aimed at establishing a dual-structure for the High Banking Authority, replacing the single-body model initially proposed by the government.This initiative, which deeply reshapes the structure of the body responsible for overseeing the banking sector’s overhaul, immediately sparked suspicion among the Change MPs. They see it as a coordinated maneuver between BDL and the executive branch. Read more Financial nominations: The blockade of sectarianism against the urgency of reforms According to a source close to the Finance...
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