Banking & Finance articles

Analysis of banking sector results

Analysis of banking sector results

The profitability of alpha banks – those with deposits above $2 billion – has grown in the third quarter of 2016 when measured by the improved return on average equity (ROAE). The ROAE ratio at end of September was almost two percentage points higher than a year earlier. This insight from quarterly figures released after

Big money

In May 2016, Banque du Liban (BDL), Lebanon’s central bank, completed the first phase of a swap operation with the Ministry of Finance (MoF). Following that, BDL pulled the financial engineering tool out of its bag. It proceeded to banks with an offer to enter into a transaction in which they would have to bring

Toward a national strategy

Financial literacy is a hot global policy potato that emerged as the flavor of the month for October 2016, according to the taste buds of the Organization for Economic Development and Co-operation (OECD) and a publication by the Association of Banks (ABL) in Lebanon. “Financial literacy, financial capability and consumer protection have been in focus

A view from the other side

Law 161 was passed five years ago to create a financial regulatory agency and structure capital markets in Lebanon. Some market players are becoming restive and others are criticizing omissions in the law’s implementation and aspects of the CMA’s methods. To understand how things look from the CMA’s perspective, Executive sat down with CMA Executive

To be or when to be

On the face of it, the story of financial markets and their regulator, the Capital Markets Authority (CMA), looks like just another manifestation of Lebanese chaos. Institutions and measures that were prescribed by law in context of the CMA’s creation (in this case, Law 161 of 2011) are overdue in their implementation. Not just in

The Gulf after oil

It is timely and prudent to review the policies of Gulf Cooperation Council countries. The region, which is known for deriving much of its economic revenues from the exporting of oil, entered difficult fiscal waters around 2014. It is in need of new ideas for economic development, given the confluence in 2016 of uncertainty about

Rocky relations

Just a few years ago Lebanese banks were apprehensively awaiting regulations they expected would impact business. These arrived with the United States’ introduction of the Foreign Account Tax Compliance Act (FATCA), alongside international standards for anti-money laundering and counter-terrorism financing (AML/CTF), as well as the implementation of Basel 3 regulations – a framework for basically

The twisted tale of the Lebanese Canadian Bank

You thought it was over, didn’t you? Assuming you remember the rise and demise of Lebanese Canadian Bank, from its ascendance in the 1990s until it was struck by US allegations of terrorism finance and money laundering (for Hezbollah) in 2011. Executive trusts that you also know of the subsequent investigations and negotiations. They resulted

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