Nehme says the Central Bank’s goal is to curb the negative impact of shadow banking in the financial sector.
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Lebanon's Central Bank is contemplating new lending regulations in a bid to crack down on shadow banking, according to senior bankers who participated in a seminar held in Beirut Friday.For this purpose, the Central Bank two weeks ago issued a decision requiring nonregulated financial institutions to provide BDL with their full contact information and the specifics of their operations in the aim of supervising their lending activities."Our aim is to curb the negative repercussions of these institutions' operations on the banking sector," Nehme said.His remarks came during a seminar Friday at Radisson Blu Martinez hotel aimed at discussing the risks of shadow banking and ways to minimize its negative impact on the banking sector.Nehme explained that clients usually tend to resort to shadow banking because it imposes less tough conditions than traditional banks.
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