Bank of Lebanon signs memorandum of understanding with Dubai FSA

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The Bank of Lebanon (BoL) has signed a Memorandum of Understanding (MoU) with the Dubai Financial Services Authority (DFSA) aimed at improving information sharing on financial stability issues.

The document was signed in Dubai earlier this week by DFSA chief executive Ian Johnston and Usama Mikdashi, chairman of the Banking Control Commission of Lebanon (BCCL) – an entity established in 1967 to supervise Lebanese banks, money dealers and brokerage firms – on behalf of BoL governor Riad Toufic

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