Regulatory Alerts2001-02-21 | 7776Operations relating to credit, investment, shareholding and participation
The Central Bank of Lebanon issues and updates Basic Decision No. 7776, requiring all Lebanese banks and financial institutions to subject credit, investment, shareholding, and participation operations to prior approval by specialized committees. The regulation mandates strict concentration limits, comprehensive stress testing, and full compliance with IFRS 9 accounting standards while imposing specific caps on retail loans, current account facilities, and real estate lending. It further establishes detailed eligibility criteria, collateral requirements, and compliance deadlines to ensure balanced risk distribution and financial stability across the banking sector.
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