Salameh: Lebanon Has Met International Financial Conditions
Central Bank Governor of Lebanon Riad Salameh declared on Wednesday that Lebanon has met all the international financial conditions, in terms of both the legislation and practice, the National News Agency reported.
During his participation in Iraq Banks Forum, Salameh indicated that BDL had always endeavored to maintain the best of ties with its Arab counterparts, especially with the Iraqi central bank, considering the importance of those relations in the exchange of banking techniques.
“Such rapprochement had positive returns on the national economy of Lebanon and Iraq,” Salameh had stressed.
He explained that the Lebanese banking system was established upon financial legislation compliant with the international requirements, and that the relevant practices were in turn in agreement with good management rules; something that, according to him, preserves the integration of the Lebanese banking system in the financial globalization.
Salameh added that the Lebanese banking system was also based upon coordination, organization and monitoring services.
He reminded that the Financial Action Task Force (FATF) has previously announced that Lebanon has met all the required conditions relevant to banking activities.
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/223546 |