Lebanese governor requests more powers to deal with crisis
Salameh says financial and monetary stability at risk without new measures to regulate banks
Lebanon’s central bank governor has called for additional powers to deal with the growing crisis in the country’s banking sector, saying financial and monetary stability are under threat.
Riad Salameh told news agency Reuters on January 12 that he had written to Lebanon’s finance minister three days earlier, asking for “exceptional powers necessary to issue regulations” for the banking sector.
He spoke to Reuters after local newspapers ran reports based on a leaked copy of the letter.
The
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