FINANCIAL AND BANKING NEWS

REGIONAL BANKING

Banque du Liban Abandons New Reserve Requirements

The Banque du Liban (central bank) of Lebanon last week abandoned its newly announced reserve requirements in the face of stiff resistance from the banking community. At the beginning of July, the Banque du Liban increased minimum cash deposits from 10% to 12%, the proportion of treasury bills to be deposited from 3% to 4% and the proportion of new deposits to be invested in treasury bills from...