What is Parliament role in solving banking sector crisis?

Lebanon Economy
21-01-2023 | 09:00
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
What is Parliament role in solving banking sector crisis?
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
What is Parliament role in solving banking sector crisis?

According to banking sources, the Parliament plays a significant part in determining what happens to bank deposits through any laws it may pass about the recovery plan and other connected issues like capital control and others.

 
These sources made the point that since the Parliament must give final approval to any proposal or draft law, it has the authority to accept, reject, or amend it.
 
 As a result, the Parliament cannot justifiably pass any legislation harmful to depositors, the financial sector, or the economy in general.
 
According to banking sources, the Parliament's involvement cannot be confined to adding provisions that discuss refusing to write off deposits; instead, it must decide how it will preserve these deposits through the laws it publishes so that the issue is not merely a matter of wishes that don't match reality.
 
According to banking sources, the proposal for the bill to restore the financial system balance is expected to be released in a completely different form than the one in which Parliament received it. 
 
This will logically result in the loss of deposits and maybe the financial sector as a whole.
 
The job of the specialized parliamentary committees is to demonstrate to the Lebanese that the promises made by the lawmakers would be reflected in the laws enacted, particularly in terms of dealing with losses in a just and rational way that results in real salvation.
 

Breaking Headlines

Lebanon News

Lebanon Economy

News Bulletin Reports

Parliament

Banks

Banking

Lebanon

Crisis

LBCI Next
President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries
Recommended For You
d-none hideMe
LBCI
Lebanon Economy
2025-07-04

Gasoline prices drop, gas price rises in Lebanon

LBCI
News Bulletin Reports
2025-07-02

Six years on, Lebanon’s banking crisis deepens without legislative solution

LBCI
Lebanon Economy
2025-06-30

Mohammad Choucair discusses Brazil’s customs exemption for Lebanese goods with Lebanese-Brazilian Business Council

LBCI
News Bulletin Reports
2025-06-28

Legal cannabis in Lebanon: A long-stalled plan finally takes root

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-06-16

Speaker Berri meets World Bank officials, affirms readiness to pass key reform laws

LBCI
World News
10:10

New US tariff rates to kick in Aug 1 barring trade deals: Treasury Secretary

LBCI
News Bulletin Reports
2025-06-04

Inclusive plan: Former Minister Ali Hamie tapped to advise on Lebanon's reconstruction strategy

LBCI
News Bulletin Reports
2025-06-10

No aid without reforms: Lebanon faces donor ultimatum

Videos
d-none hideMe
LBCI
Lebanon News
2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

LBCI
Lebanon News
2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

LBCI
Lebanon News
2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

LBCI
Lebanon News
2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI
Lebanon News
2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

LBCI
Lebanon News
2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

LBCI
Lebanon News
2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

LBCI
News Bulletin Reports
2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

LBCI
Lebanon News
2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:11

Weapons, withdrawal, and a warning: US envoy’s high-stakes offer — will Lebanon seize the deal or face the unknown?

LBCI
Lebanon News
11:48

With US envoy set to arrive, Samir Geagea warns Lebanon risks wasting rare opportunity

LBCI
Lebanon News
05:13

Hezbollah’s Naim Qassem: Resistance will continue, Israel is the real problem

LBCI
Lebanon News
05:32

Lebanon's PM calls for full implementation of Taif Agreement, including arms control

LBCI
News Bulletin Reports
13:02

Palestinian leadership scales back Beirut ambassador’s role, eyes further changes — the details

LBCI
News Bulletin Reports
13:10

No breakthrough as Trump-Netanyahu meeting nears, with aid and ceasefire terms stalling Gaza deal

LBCI
Israel-Gaza War Updates
05:21

Mediators tell Hamas new round of Gaza talks to begin in Doha: AFP

LBCI
World News
10:10

New US tariff rates to kick in Aug 1 barring trade deals: Treasury Secretary

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More