Regulatory Alerts2000-10-26 | 7705System of the Central Office of Credit Risk
The Central Bank of Lebanon issued Decision No. 7705 and the accompanying System of the Central Office of Credit Risk to mandate automatic subscription for all asset-registered banks and financial institutions to a centralized credit reporting framework. The regulation requires monthly electronic submission of detailed borrower identification data, direct and indirect obligation declarations, and guarantee information, while establishing strict confidentiality protocols and standardized coding for portfolios, legal statuses, and economic sectors. It further outlines the IT infrastructure responsibilities, fee distribution mechanisms, and repeal of prior circulars to ensure uniform risk monitoring and regulatory compliance across the Lebanese financial sector.