The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Lebanon: Salame upbeat on the country’s future

Central bank governor emphasizes the resilience of the financial system at a time of crisis.

Riad Salame receives his central bank governor of the year award from Euromoney’s chairman and editor-in-chief, Padraic Fallon, in Singapore in September
Riad Salame receives his central bank governor of the year award from Euromoney’s chairman and editor-in-chief, Padraic Fallon, in Singapore in September

Lebanon’s central bank governor says that the country must press ahead with its reform programme, despite the disruption caused by the war between Israel and Hizbollah in the summer. Riad Salame tells Euromoney that although some delay should be expected, the much-needed reforms have to be implemented as soon as possible. “War should not be used as an excuse to delay them,” says Salame after receiving his award as Euromoney’s central bank governor of the year during the IMF/World Bank annual meetings in Singapore. The reform agenda includes a law that will set up a capital markets authority, the privatization of two mobile phone companies and regulations on insider trading, stock lending and securitization. The government was poised to begin implementing these reforms when the war broke out.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree