Kanaan Confirms Banking Reform Approval

The article focused on the approval of the banking reform law in Lebanon, which aims to recover deposits and enhance confidence in the banking sector and the national economy. MP Ibrahim Kanaan explained that the law has been amended to suit the current stage and includes a mechanism for deposit recovery, a key demand from the Finance and Budget Committee since 2020. He also emphasized that a genuine solution to the economic crisis depends on implementing the Financial Regulation Law, and that restoring the trust of depositors and investors requires protecting their rights. Kanaan highlighted the importance of collaborating with the government to finalize the review of the Financial Regulation Law. He also stated that the parliament will not accept delays regarding deposit issues, and expressed rejection of involving the military establishment in the discussion of the amnesty law, in order to preserve the independence of institutions.

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