BDL Governor Karim Souhaid with members of the Parliamentary Finance and Budget Committee, on May 25, 2025. (Archive photo by the state-run NNA)
The draft law on bank resolution is mired in a debate that now extends beyond the substance of the legislation itself. While discussions were initially meant to focus on resolution mechanisms and depositor protection, they are still centered on powers division between the Banque du Liban (BDL, central bank) and the Higher Banking Authority (HBA).The subcommittee of the Parliamentary Finance and Budget Committee is scheduled to meet this Wednesday, July 8. Its task promises to be a challenging one. According to several of its members, it will have to resolve a persistent disagreement over two provisions of the text — Articles 3 and 13 — among the twenty-eight amendments introduced into the draft law. Read more Financial gap: BDL revises government plan, leaving depositors to wait longer These amendments had been adopted by the...
The draft law on bank resolution is mired in a debate that now extends beyond the substance of the legislation itself. While discussions were initially meant to focus on resolution mechanisms and depositor protection, they are still centered on powers division between the Banque du Liban (BDL, central bank) and the Higher Banking Authority (HBA).The subcommittee of the Parliamentary Finance and Budget Committee is scheduled to meet this Wednesday, July 8. Its task promises to be a challenging one. According to several of its members, it will have to resolve a persistent disagreement over two provisions of the text — Articles 3 and 13 — among the twenty-eight amendments introduced into the draft law. Read more Financial gap: BDL revises government plan, leaving depositors to wait longer These amendments had been adopted by the...
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