Regulatory Alerts2024-02-02 | 13616Capital Adequacy Regulatory Framework for Banks Operating in Lebanon
The Acting Governor of the Bank of Lebanon issued Circular Decision No. 13616 to amend Basic Decision No. 6939, updating the regulatory framework for capital adequacy of banks operating in Lebanon. The decision amends Articles Eight and Ten, repeals Annexes One through Three, and introduces detailed definitions for Common Shareholders' Equity (Tier 1), Additional Core Capital, Supporting Capital (Tier 2), and Total Capital, including specific regulatory adjustments, deductions, and additions. These amendments apply to financial statements as of December 31, 2023, and remain in effect until further notice or the end of 2024 depending on the specific provision.
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