Kanaan Calls for Bank Asset Audit

The article discusses the efforts of the Lebanese political community, particularly Deputy Ibrahim Kanaan, in safeguarding depositors' rights and implementing effective banking reforms. Kanaan emphasized that the main challenges of the deposit recovery law lie in ensuring people's rights and addressing gaps that hinder its implementation. He called for a comprehensive audit of the assets of banks and the state. He pointed out that the International Monetary Fund has repeatedly requested amendments to financial reform laws, which raises doubts about the Fund's slow pace in reaching an agreement with Lebanon. Additionally, he stressed the need for clear mechanisms for deposit recovery and the reformation of financial laws to rebuild trust and close loopholes in the Lebanese financial system.

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