Bankers say Lebanon not ready for Basel II

Delegates from Lebanese and Arab banks speaking at a bank conference said Tuesday that financial institutions in the region need to invest more to comply with the rules of the Basel II agreement.

Source: Daily Star

Lebanese and Arab banks are not yet ready to implement tight international banking standards, which require higher capital and less risky credit by the end of 2006, speakers at a bank conference said Tuesday.

Speaking at the opening session of a three-day conference on banking operat