Banking Reform: Kanaan Announces the Approval of the Amended Law, with Depositor Protection the Basis of the Discussion.

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This article was first published on Cedarnews.net. For more exclusive news and reports, visit our website. Head of the Finance and Budget Committee, MP Ibrahim Kanaan, announced the approval of the amended banking reform bill, following a six-hour session that witnessed an in-depth discussion on the most prominent provisions of the law and its content. The discussion focused primarily on protecting depositors' funds and defining responsibilities…

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The Chairman of the Finance and Budget Committee, Ibrahim Kanaan, announced "the approval of the Banking Reform Act in the Finance and Balance Committee, after a six-hour session," recalling "the recommendation of the Committee to the Government last May to refer the Financial Order and Deposit Restoration Act, which the Government has not yet done."