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
28
o
Bekaa
24
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
25
o
North
29
o
South
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
The Stage
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
24
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
25
o
North
29
o
South
24
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
Financial overhaul: Finance Committee debates bank reform, fails to move forward on legislation
News Bulletin Reports
30-04-2025 | 13:04
High views
Share
Share
3
min
Financial overhaul: Finance Committee debates bank reform, fails to move forward on legislation
Report by Lara El Hachem, English adaptation by Yasmine Jaroudi
A heated three-hour session of Lebanon's Parliamentary Finance and Budget Committee failed to advance the draft banking reform law, as MPs debated the general framework without addressing specific provisions or proposed amendments.
The meeting saw unusually high participation, with 45 MPs in attendance.
While many emphasized the importance of safeguarding depositors' rights, some MPs left the session describing the discussions as unproductive, while others viewed them as constructive.
The law, which outlines a roadmap for restructuring Lebanon's embattled banking sector, remains unenforceable pending the passage of the Financial Gap Law, as stipulated in Article 37 of the draft. Although most parties agreed on this matter, deep divisions emerged over its implications.
Hezbollah criticized the premise of tying one law to another that has yet to be introduced, calling the open-ended timeline for enacting the Financial Gap Law a 'legal flaw.' The Amal Movement echoed that sentiment.
The Lebanese Forces Party urged lawmakers to accelerate the review of both laws to hasten the restructuring of banks and restore financial stability.
Meanwhile, the Free Patriotic Movement (FPM) accused the bill of legalizing "haircuts" on deposits, calling for a comparative study of how other countries have addressed similar crises.
Finance Minister Yassine Jaber, who attended the session, defended the government's draft, citing international examples and reiterating that work on the Financial Gap Law would begin after the Banque du Liban (BDL) shares its input.
Committee Chair Ibrahim Kanaan announced that BDL governor Karim Souaid will appear before the committee next week after missing Wednesday's meeting due to travel.
In a statement, Souaid confirmed that he would submit the first draft of the banking restructuring plan, emphasizing that all stakeholders should align behind a single goal: achieving a gradual and sustainable economic recovery.
The bank stressed that this must be based on a stronger banking sector, an independent central bank, and a fair, realistic mechanism for repaying depositors over time.
Lebanon News
Lebanon Economy
News Bulletin Reports
Financia
Overhaul
Finance
Committee
Bank
Reform
Legislation
Next
New war plans and old divides: Israel confronts its longest war season on multiple fronts
Can Lebanon become a regional tech hub? A new law could pave the way
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
Lebanon Economy
2025-07-14
Lebanon's central bank partners with US firm to boost financial oversight
0
Lebanon News
2025-05-27
Lebanese Finance Minister meets Saudi Ambassador to discuss reform progress and bilateral ties
Lebanon News
2025-05-27
Lebanese Finance Minister meets Saudi Ambassador to discuss reform progress and bilateral ties
0
Lebanon News
2025-06-16
Speaker Berri meets World Bank officials, affirms readiness to pass key reform laws
Lebanon News
2025-06-16
Speaker Berri meets World Bank officials, affirms readiness to pass key reform laws
0
Lebanon Economy
2025-04-30
MP Kanaan: Bank reform law discussions to begin in next session
Lebanon Economy
2025-04-30
MP Kanaan: Bank reform law discussions to begin in next session
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:20
Under pressure: Israel weighs options as ceasefire talks stall
News Bulletin Reports
13:20
Under pressure: Israel weighs options as ceasefire talks stall
0
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
0
News Bulletin Reports
12:50
Remembering Ziad Rahbani: The legend who rewrote Lebanon's soundtrack
News Bulletin Reports
12:50
Remembering Ziad Rahbani: The legend who rewrote Lebanon's soundtrack
0
News Bulletin Reports
2025-07-25
At Paris summit, Israel secures 'strategic ground' in Syria — ‘core red lines met’
News Bulletin Reports
2025-07-25
At Paris summit, Israel secures 'strategic ground' in Syria — ‘core red lines met’
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
2025-05-20
Rubio says Syria could be weeks away from 'full-scale civil war'
World News
2025-05-20
Rubio says Syria could be weeks away from 'full-scale civil war'
0
Lebanon News
04:29
Lebanese artist Ziad Rahbani dies at 69
Lebanon News
04:29
Lebanese artist Ziad Rahbani dies at 69
0
Lebanon News
12:55
US slams France over release of George Ibrahim Abdallah
Lebanon News
12:55
US slams France over release of George Ibrahim Abdallah
0
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
Videos
d-none hideMe
0
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
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
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
04:29
Lebanese artist Ziad Rahbani dies at 69
Lebanon News
04:29
Lebanese artist Ziad Rahbani dies at 69
2
Lebanon News
05:03
PM Salam pays tribute to Ziad Rahbani: A bold voice for justice and dignity
Lebanon News
05:03
PM Salam pays tribute to Ziad Rahbani: A bold voice for justice and dignity
3
Lebanon News
12:29
Funeral and condolence ceremonies for Ziad Rahbani
Lebanon News
12:29
Funeral and condolence ceremonies for Ziad Rahbani
4
Lebanon News
06:02
Speaker Berri mourns Ziad Rahbani: “Without Ziad, Lebanon’s melody is sad”
Lebanon News
06:02
Speaker Berri mourns Ziad Rahbani: “Without Ziad, Lebanon’s melody is sad”
5
Lebanon News
05:13
President Aoun: Ziad Rahbani gave voice to pain, truth, and resistance
Lebanon News
05:13
President Aoun: Ziad Rahbani gave voice to pain, truth, and resistance
6
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
News Bulletin Reports
13:13
Year-end deadline for mass returns: Lebanon moves to close chapter on Syrian refugees
7
News Bulletin Reports
12:50
Remembering Ziad Rahbani: The legend who rewrote Lebanon's soundtrack
News Bulletin Reports
12:50
Remembering Ziad Rahbani: The legend who rewrote Lebanon's soundtrack
8
Lebanon News
11:52
Israeli strike on South Lebanon's Debaal kills two
Lebanon News
11:52
Israeli strike on South Lebanon's Debaal kills two
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