"The banking sector is now the last peg holding up the tripod that is the Lebanese economy, ever since tourism and agriculture were essentially kicked out by the crisis next door. But the country’s big players in finance are also under increasing pressure.
While policymakers, both domestic and international, attempt to recalibrate this issue, Lebanon’s bankers have once again heard the calling: with great power, comes great responsibility. Valued at approximately $155 billion, this industry is currently the equivalent of over 387% of the nation’s GDP.
The sheer size of the Lebanese financial markets in relation to other sectors, combined with the increasingly bumpy sociopolitical rollercoaster surrounding the economy, was sure to attract additional regulator scrutiny at some point in the near future."
'via Blog this'
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