Exploring Lebanon’s loss distribution dilemma, focusing on banks using depositor funds to cover losses, evasion of accountability standards, and the urgent need for bank restructuring.
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Controlled Chaos: Analyzing Lebanon’s Capital Control Policy
Analyzing Lebanon’s capital control laws, highlighting issues like illegitimate withholding of funds, conflicts of interest in regulatory bodies, depositor discrimination, and the need for stringent, fair amendments.
Capital Control: Concealing Corruption
Lebanon’s capital control proposal risks entrenching financial corruption by granting banks undue amnesty and empowering a politically biased committee.
It’s a Trap: Don’t vote blank
Traditional Lebanese political parties are expected to win the majority of the seats in Sunday’s elections. The result should not come as a surprise when these established parties are the ones who created, modified and approved the current electoral law that serves their own best interests. The...
Morally Bankrupt: The legal solution to the banking crisis no one is talking about
Lebanon’s Code of Commerce does little to protect bankrupt business owners, which in the long term discourages investment in the economy. But in the case of insolvent banks, it could help launch civil and criminal lawsuits against bank directors.
The First 100 Days: A plan of action for Lebanon’s opposition MPs’ first months in office
With the unprecedented election of 13 MPs from outside Lebanon’s body politic, there is a glimmer of hope that this time could be different—that is if the opposition starts off with a pragmatic and serious approach to its newfound position of (marginal) power.
Open Secret: Lebanon moves to replace archaic banking secrecy, at first glance
While promising at first glance, in its current shape the draft bill is characterised more by ambiguities than substance. For example, the proposal fails to mention whether the lifting of banking secrecy is retroactive or offers a proper framework to determine when lifting banking secrecy is appropriate. Instead, the law includes rather obscure provisions for banks to deny requests for information, while opening the door to abuse of power.
Path Dependence: Why voters turn to traditional parties
A new nationally representative study on voter intentions reveals hope for independents, while showing traditional parties maintain their voter base through tradition, identity politics, and political clientelism.
Salvaging Syndicates: How to Defend and Strengthen Lebanon’s Pension Funds
In light of Lebanon’s economic turmoil and pension crisis , how can we safeguard the retirement savings of Lebanese citizens?