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Regulating the markets Having been put on the backburner for the past five years, a draft law to regulate capital markets and insider trading was finally approved by Lebanon’s parliament early last month. Lebanese investors and brokers had urged previous governments to pass the law, a move which would allow for more transparency and activity on the Beirut Stock Exchange, according to Lebanese bankers. The law stipulates that an independent commission, dubbed “The National Council for Financial Markets in Lebanon”, headed by Central Bank Governor Riad Salameh, overlook and regulate both Lebanese market trading activities and participants. According to BDL, the regulatory agency will consist of seven members, five of which will be private entities, and will be an independent watchdog both in policies and functions, similar to the United States Securities and Exchange Commission. As of Executive going to print, the government had not set a timeframe for the