Lebanon
Lebanese government reappoints Salameh as governor
Governor will face considerable pressures from political factions and the refugee crisis
Lebanese banking sector holding up, despite Syria crisis – central bank
The banking sector remains liquid and well capitalised despite a “strained” Lebanese economy, the central bank says; new compliance unit formed
Lebanon’s innovative financial operations not sustainable – IMF
Central bank used a complicated mechanism to simultaneously boost foreign reserves and improve banks’ capital positions, but it cannot be used without limit, the fund warns
Global sharia standards desirable, but impractical – Lebanon’s el Gemayel
Complete standardisation impractical, but other options are available, says Central Bank of Lebanon’s Joëlle el Gemayel; Islamic banking landscape is shifting
Hungarian central bank plans offices in New York, Buenos Aires and Beirut
Hungarian central bank formally opens Paris office; bank also runs Hamburg and Rome offices and plans to open more in New York, Buenos Aires and Beirut
Central Bank of Cyprus activates deposit-guarantee scheme for failed bank
Central Bank of Cyprus activates deposit-guarantee scheme for creditors of a bank under administration; FBME's banking licence was revoked following US allegations of money-laundering
Paper uses machine learning to nowcast GDP in Lebanon
Working paper published by IMF explores use of machine learning technique in assessing economic conditions in Lebanon, where analysis is a ‘distinct challenge’ on account of data lags
Bank of Lebanon signs memorandum of understanding with Dubai FSA
Agreement aimed at improving information sharing on financial stability issues was signed by regulators in Dubai earlier this week
No ‘credit crunch' in the Middle East after Basel I, IMF paper finds
Despite higher capital adequacy ratios, banks expanded credit and asset growth, according to new research
Lebanon’s Salame vows to apply Syria sanctions
Bank of Lebanon governor Riad Salame says Lebanese banks will not undertake any activity in Syria that might embarrass correspondent banks
Bank of Lebanon denies financial ties with Syrian regime
Governor Riad Salameh says Arab League sanctions on Syria will not apply as Lebanese central bank does not have any dealings with Damascus
Lebanese government renews governor’s term
Government gives Riad Salamah six more years in charge; term begins August 1
Lebanon’s Salameh defends scandal-hit bank
Bank of Lebanon governor Riad Salameh offers support to Lebanese Canadian Bank after accusations by US Treasury of ties to illicit activities and terrorist organisations
Lebanon’s Charafeddine: unconventional monetary policy was vital for oil exporters
Bank of Lebanon first vice-governor Raed Charafeddine says unconventional monetary policy helped oil exporting countries address financial crisis
Lebanon sets in motion plans to create SWF
Lebanese energy bill paves way for creation of sovereign wealth fund; government aide says proceeds will be managed by the Ministry of Energy and Water
Natural gas discovery sparks debate in Lebanon over SWF
Potential discovery of natural gas off the shore of northern Israeli coast sparks debate among Lebanese government officials over whether to create a new sovereign wealth fund
Middle East and North Africa’s trade below potential
International Monetary Fund looks at trade constraints in the region
Lebanese banks compliant, insists governor
Riad Salame, the governor of the Bank of Lebanon, has countered allegations that the country's financial institutions illegally supported Hezbollah, a militant group.
Bank of Lebanon - Annual Report 2005/06
Lebanon's balance of payments recorded a positive result for the fourth consecutive year in 2005.
Bahrain hosting Lebanon central bank team
The Central Bank of Bahrain has hosted a five-member team of officials from Banque du Liban, the central bank of Lebanon.
Interview with Bank of Lebanon's Riad Salame
In an interview published Monday 30 October on the mmorning.com website, Bank of Lebanon governor Riad Salame talks about the challenges he has faced during the 13 years of his mandate.
Israeli economy resilient despite Lebanon war
According to this article published Thursday 28 September by Reuters, the damage to Israel's economy appears to be less than initially feared.
Central banker of the year announced
Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.
Lebanese governor speaks out on economic threats
The governor of Lebanon's central bank, Raid Salameh, has spoken about the strains on the country's economic recovery.