ABL: Liquidity as the Decisive Test for Financial Regularization in Lebanon
This article serves as the editorial of the January 2026 monthly report issued by the Association of Banks in Lebanon, written by its Secretary General, Dr. Fadi Khalaf. It focuses on the proposed Financial Regularization Law (Gap Law) and argues that liquidity is the decisive factor determining whether the law can restore financial order or instead deepen the crisis. The author stresses that the law’s success cannot be measured by intentions or political declarations, but solely by the availability of real, executable liquidity. Without clearly identified funding sources, realistic timelines, and credible implementation capacity, the law risks transforming from a solution into a new crisis of confidence.
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