Application of Basel accord's regulations to the Lebanese commercial banks. (c1995)

Abstract

Development in the international economic systems has been growing at a relatively high speed as compared to that of Arab countries. The banking system in particular had been subjected to various laws and regulations over time to regulate banking activities and provide a uniform system of supervision and control. Several years ago, attention of international banks was focused on the implementation of Basle Accord's requirements for the purpose of achieving high financial ratios to safeguard banks against possible failure. The majority of countries in the world have adopted Basle Committee's requirements even though over different time spans. Today, in year 1995, we are witnessing the achievement by Lebanese banks of the financial ratios that were set by the Basle Committee hoping that this step will strengthen the external cooperation between the Lebanese and the international banking systems.