Lebanon's central bank is seeking extra powers to regulate and standardize ...
BEIRUT - Lebanon’s central bank is seeking extra powers to regulate and standardize controls which commercial banks are imposing on depositors, the governor said on Sunday, saying his intention was to ensure “fair relationships” between banks and customers.
The Lebanese authorities have not, however, introduced formal capital controls regulating these measures. In the letter, Salameh said implementation of the controls by commercial banks had “on several occasions led to prejudicing the rights of some clients, particularly with respect to the unequal approach with other clients”.
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