Financial and Banking News

REGIONAL BANKING

Draft Lebanese Law Proposes Bank Rescue Measures

Lebanese banks facing liquidity problems may be able to get some relief from the Banque du Liban (Central Bank) if the latter succeeds in introducing urgent legislation currently under consideration. The Governor of the Central Bank, Dr. Edmund Na'im, has drawn up a draft law under which any local bank with financial problems arising from the continuing deterioration in the Lebanese economy...