Regulatory Alerts1997-04-24 | 6568Foreign Exchange Operations at Banks and Financial Institutions
Banque du Liban issued Basic Decision No. 6568 to regulate foreign exchange positions and operations at banks and financial institutions in Lebanon. The decision defines open, structural, trading, and global FX positions, sets strict limits on net trading and global positions relative to core capital, and mandates prior approval for fixed positions. It establishes daily reporting requirements, designates responsible officers, imposes heavy penalty reserves for position breaches, and temporarily suspends certain structural position approvals while setting a December 2026 deadline for full compliance.
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