After years of economic crisis, political stasis and conflict, Lebanon finally has some grounds for optimism. Earlier this month, Joseph Aoun was appointed president – a position that had lain vacant since October 2022 – and swiftly nominated a new prime minister. Events in the wider region have also weakened militant group Hezbollah’s hold over the country’s politics and security environment.

Yet on one issue at least – the crisis in Lebanon’s banking sector, which has seen much of the value of