LBCI

Wissam Fattouh says Lebanon to be placed on 'grey list;' Central Bank keeps US banking ties

Lebanon Economy

2024-10-24 | 11:22

Share

Share

Wissam Fattouh says Lebanon to be placed on 'grey list;' Central Bank keeps US banking ties

The Secretary-General of the Arab Banking Union, Dr. Wissam Fattouh, announced after a conference held by the union at the Federal Reserve Bank in New York, attended by the U.S. Treasury and the Financial Action Task Force for the Middle East and North Africa (MENAFATF), that Lebanon will be placed on the grey list, with the decision expected to be issued next week or shortly thereafter.

Fattouh noted that this could be a good opportunity to exert pressure and initiate serious and effective efforts by the Lebanese government to implement the necessary banking and economic reforms, despite the significant challenges the government currently faces due to the ongoing aggression against Lebanon.

He stressed that, due to the substantial efforts of the Central Bank of Lebanon, most U.S. correspondent banks will continue their dealings with Lebanese banks. However, maintaining relationships with European banks presents a significant challenge.

Lebanon Economy

Lebanon

Economy

Central Bank

Crisis

Grey List

Next

Fuel prices rise in Lebanon

Conflict in Lebanon could cause 9.2% drop in GDP in 2024: UN

Previous

Recommended For You

Lebanon updates fuel prices

2024-12-03

Lebanon updates fuel prices

Fuel prices decrease in Lebanon

Lebanon Economy

2024-11-29

Fuel prices decrease in Lebanon

BDL issues new directive for beneficiaries of Circulars 158 and 166

Lebanon Economy

2024-11-26

BDL issues new directive for beneficiaries of Circulars 158 and 166

Fuel prices increase in Lebanon

Lebanon Economy

2024-11-26

Fuel prices increase in Lebanon

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Gaza ceasefire proposal mirrors Lebanon agreement, says LBCI correspondent in Haifa

Israel-Gaza War Updates

08:13

Gaza ceasefire proposal mirrors Lebanon agreement, says LBCI correspondent in Haifa

Lebanese Army bolsters presence in South Lebanon following ceasefire agreement

07:12

Lebanese Army bolsters presence in South Lebanon following ceasefire agreement

Lebanon, US weigh displaced return and new roles in Resolution 1701 monitoring, LBCI sources reveal

2024-11-20

Lebanon, US weigh displaced return and new roles in Resolution 1701 monitoring, LBCI sources reveal

Kremlin urges Syria to urgently 'restore order' around Aleppo

Middle East News

2024-11-29

Kremlin urges Syria to urgently 'restore order' around Aleppo

Videos

Israeli force erects barrier near Shebaa's al-Naqqar pond (Video)

03:49

Israeli force erects barrier near Shebaa's al-Naqqar pond (Video)

Ed Gabriel on LBCI: 'Now is the time' to enforce Lebanon-Israel ceasefire, stresses agreement includes disarming all militias

News Bulletin Reports

2024-12-02

Ed Gabriel on LBCI: 'Now is the time' to enforce Lebanon-Israel ceasefire, stresses agreement includes disarming all militias

Lebanon's Ministry of Public Works repair Masnaa road, displaced return following ceasefire

2024-11-28

Lebanon's Ministry of Public Works repair Masnaa road, displaced return following ceasefire

US envoy Hochstein: Israel will hold positions in southern Lebanon until Lebanese army deploys

News Bulletin Reports

2024-11-27

US envoy Hochstein: Israel will hold positions in southern Lebanon until Lebanese army deploys

Fire breaks out in Sin el Fil building, firefighting teams respond (Video)

2024-11-23

Fire breaks out in Sin el Fil building, firefighting teams respond (Video)

Debris removal operations continue in Shmustar following the targeting of a three-story building (video)

2024-11-23

Debris removal operations continue in Shmustar following the targeting of a three-story building (video)

Second wave of Israeli strikes hit Beirut's southern suburbs (Video)

2024-11-23

Second wave of Israeli strikes hit Beirut's southern suburbs (Video)

LBCI inspects damage from Israeli strikes on Chiyah in Beirut's suburbs (Video)

2024-11-22

LBCI inspects damage from Israeli strikes on Chiyah in Beirut's suburbs (Video)

Lebanese mark 81st Independence Day amid ongoing Israeli assault

2024-11-22

Lebanese mark 81st Independence Day amid ongoing Israeli assault

Most read

24 hours

7 days

Month

Israel's army claims to continue operations against Hezbollah; strikes rocket launcher in South Lebanon area

1

Israel's army claims to continue operations against Hezbollah; strikes rocket launcher in South Lebanon area

Israel warns Lebanese residents against traveling south to designated villages: Army spokesperson

2

Israel warns Lebanese residents against traveling south to designated villages: Army spokesperson

Lebanon's presidential election: Two perspectives emerge ahead of January session

3

Lebanon's presidential election: Two perspectives emerge ahead of January session

Some airlines restart flights to Beirut as airport sees gradual rise in arrivals: Fadi el-Hassan tells LBCI

4

Some airlines restart flights to Beirut as airport sees gradual rise in arrivals: Fadi el-Hassan tells LBCI

Lebanon ceasefire at risk as Israel maintains focus on Syria threats: The details

5

Lebanon ceasefire at risk as Israel maintains focus on Syria threats: The details

Hezbollah aims to rebuild longer term despite Israeli blows, sources tell Reuters

6

Hezbollah aims to rebuild longer term despite Israeli blows, sources tell Reuters

Lebanon-Israel ceasefire deal under review as overseeing committee gears up for crucial talks

7

Lebanon-Israel ceasefire deal under review as overseeing committee gears up for crucial talks

Lebanon's education minister announces school resumption plans after ceasefire

8

Lebanon's education minister announces school resumption plans after ceasefire

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