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A head at last

Lebanon

by Executive Staff

The board of directors of Lebanon’s Banking Control Commission were finally appointed on March 3 by a unanimous vote of the Cabinet. After more than a month without a board, the BCC will now be led by Chairman Osama Mikdashi. The other four members of the board include Ahmad Safa, Amin Awad, Mounir Elian and Sami Azar. The board remained empty for so long because these appointments were grouped in with numerous other empty government positions waiting for cabinet action. There were also reports of disputes over the qualifications of some of the candidates, as these positions are coveted and require high levels of banking competence. The Banking Control Commission’s main function is to audit the country’s banks to ensure that all Central Bank circulars are properly followed. Central Bank Governor Riad Salameh took control of the commission while the cabinet haggled over the board.

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Executive Staff


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