News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
24
o
Bekaa
21
o
Keserwan
25
o
Metn
25
o
Mount Lebanon
20
o
North
24
o
South
22
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Ikhwa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Bekaa
21
o
Keserwan
25
o
Metn
25
o
Mount Lebanon
20
o
North
24
o
South
22
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Reshaping the script: Reform trajectories emerging from the BDL audit
News Bulletin Reports
22-08-2023 | 10:09
High views
Share
Share
3
min
Reshaping the script: Reform trajectories emerging from the BDL audit
One of the most prominent findings revealed by the forensic audit report at Banque du Liban is that Riad Salameh wielded power on his own, in the absence of accountability, and due to the ineffectiveness of the bank's council.
The forensic audit report mentioned that "governance and accountability must be improved to mitigate mismanagement in the future."
Based on this, caretaker Prime Minister Najib Mikati tasked a committee composed of the Ministers of Justice and Finance, along with experts, to introduce amendments to the 1963 Monetary and Credit Law.
There have not been significant amendments since then, and the purpose of these changes was to establish principles of proper accountability and to set controls on the BDL governor's actions without interfering with the essential aspects of the law.
The committee held a preparatory meeting, and the work will begin early next week.
So, what could be the new amendments to the Monetary and Credit Law?
- Imagine that in the law, the governor of the Central Bank of Lebanon is also the head of the Higher Banking Authority, which investigates and adjudicates violations in the financial sector. It's as if the governor is also the judge. This is one of the points that, according to observers, could be amended.
- Similarly, the issue of the presidency of the Special Investigation Commission, which investigates money laundering operations and was chaired by Salameh.
- Among the proposed points, amending the article related to state borrowing in necessary cases in a way that a clear contract specifies the amount, duration, and importantly, prevents lending to the state in foreign currency.
- Granting complete independence to the Banking Control Commission, most of whose decisions were subject to BDL governor's approval.
- Enforcing greater participation of BDL council members in decision-making, composed of the four deputies of the governor and the directors-general of the finance and economy ministries.
However, these are examples of suggestions that the committee will examine.
But, will the path be easy politically, considering all these points aim towards limiting the governor's powers?
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Law
BDL
Banks
Economy
Riad Salameh
Next
Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:03
War goals extend beyond nukes? Israel outlines broader Iran strategy in potential weeks-long conflict
News Bulletin Reports
13:03
War goals extend beyond nukes? Israel outlines broader Iran strategy in potential weeks-long conflict
0
News Bulletin Reports
12:56
Israel-Iran conflict: Why tech alone can’t win the spy war
News Bulletin Reports
12:56
Israel-Iran conflict: Why tech alone can’t win the spy war
0
News Bulletin Reports
2025-06-14
In the crossfire: Can Lebanon stay out of the Iran-Israel war?
News Bulletin Reports
2025-06-14
In the crossfire: Can Lebanon stay out of the Iran-Israel war?
0
News Bulletin Reports
2025-06-14
Beirut Airport reopens airspace: Will the skies stay open?
News Bulletin Reports
2025-06-14
Beirut Airport reopens airspace: Will the skies stay open?
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Middle East News
07:00
Cyprus says it has been asked by Iran to convey 'some messages' to Israel
Middle East News
07:00
Cyprus says it has been asked by Iran to convey 'some messages' to Israel
0
Lebanon News
2025-06-14
Media Center Director Salem Zahran to LBCI: Israel seeking to escalate attacks on South Lebanon
Lebanon News
2025-06-14
Media Center Director Salem Zahran to LBCI: Israel seeking to escalate attacks on South Lebanon
0
Middle East News
11:47
Israel says air force struck Iran's Mashhad airport
Middle East News
11:47
Israel says air force struck Iran's Mashhad airport
0
World News
2025-06-11
Police make 'mass arrests' in LA during nighttime curfew
World News
2025-06-11
Police make 'mass arrests' in LA during nighttime curfew
Videos
d-none hideMe
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
0
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
09:50
Lebanon arranges repatriation flights for citizens stranded in Sharm el-Sheikh
Lebanon News
09:50
Lebanon arranges repatriation flights for citizens stranded in Sharm el-Sheikh
2
Lebanon News
04:47
MEA announces additional Istanbul route for June 15
Lebanon News
04:47
MEA announces additional Istanbul route for June 15
3
Lebanon News
13:32
Lebanese transport minister to LBCI: Three flights with 650 Lebanese stranded in Sharm el-Sheikh to arrive Monday
Lebanon News
13:32
Lebanese transport minister to LBCI: Three flights with 650 Lebanese stranded in Sharm el-Sheikh to arrive Monday
4
Lebanon News
07:11
Lebanese stranded in Sharm el-Sheikh urge authorities to help them return home
Lebanon News
07:11
Lebanese stranded in Sharm el-Sheikh urge authorities to help them return home
5
Lebanon News
12:14
MEA cancels June 16 flights to and from Baghdad due to Iraqi airspace closure
Lebanon News
12:14
MEA cancels June 16 flights to and from Baghdad due to Iraqi airspace closure
6
Lebanon News
12:09
Lebanon says it is working to repatriate stranded citizens
Lebanon News
12:09
Lebanon says it is working to repatriate stranded citizens
7
News Bulletin Reports
13:03
War goals extend beyond nukes? Israel outlines broader Iran strategy in potential weeks-long conflict
News Bulletin Reports
13:03
War goals extend beyond nukes? Israel outlines broader Iran strategy in potential weeks-long conflict
8
Middle East News
07:00
Cyprus says it has been asked by Iran to convey 'some messages' to Israel
Middle East News
07:00
Cyprus says it has been asked by Iran to convey 'some messages' to Israel
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More