Banking Body's Tenure Ends as New Members Await Decision on their Mission

The Banking Control Commission of Lebanon's tenure ended on Wednesday despite the appointment of new members by the cabinet last week.

According to al-Akhbar daily, there are several scenarios – the new five-member commission could either begin its mission when the decree of their appointments is signed by all cabinet members or when the decree is published in the Official gazette.

Another scenario would be for Central Bank governor Riyad Salameh to appointment a manager to follow up BCCL's work until the commission officially starts its mission following the decree's publication in the gazette on March 26.

The new members were appointed by the government last week. The commission will now be chaired by Samir Hammoud.

The other members are Ahmed Safa, Munir Elyan, Joseph Sarkis, and Sami Azar.

G.K.

H.K.