Lebanon: Financial System Stability Assessment

International Monetary Fund

No 2017/021, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings of the assessment of Lebanon’s financial system. Lebanon has maintained financial stability for the last quarter century during repeated shocks and challenges. Over time, macroeconomic and financial vulnerabilities have accumulated. Although central bank policies have helped to maintain confidence, fiscal adjustment is needed to reduce risks to financial stability. The banking system has thus far proven resilient to domestic shocks and regional turmoil, but the materialization of severe shocks could expose vulnerabilities. Significant progress has been made to further strengthen Lebanon’s financial integrity framework, with some scope for improvement remaining.

Keywords: ISCR; CR; interest rate; foreign currency; financial system; bank ownership; bank requests liquidity; bank resolution option; banking sector; bank solvency sensitivity; liquidity position; securities portfolio; bank resolution regime; bank assets; capital planning; stimulus program; bank financing; financial services user; Financial sector stability; Loans; Anti-money laundering and combating the financing of terrorism (AML/CFT); Commercial banks; Global; Middle East; North Africa; East Africa (search for similar items in EconPapers)
Pages: 70
Date: 2017-01-24
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Citations: View citations in EconPapers (5)

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