Lebanon: financial watchdog’s suspension postponed

Lebanon’s decision to suspend the oversight authority for capital markets has been postponed until January 31 as a result of disagreements within the Capital Market Authority (CMA), according to The National.

It was decided in the authority’s meeting on January 9 that the deadline be pushed back once more. 

The CMA was key in unmasking serious financial scandals and its role is to supervise activities within the capital markets and punish potential illegalities committed by financial institutions. 

The recent decision means that the country’s financial sector will temporarily be lacking a credible watchdog. 

The National

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