“There are many challenges,” Torbey said.
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Lebanese banks are able to absorb any shocks, a leading banker said Thursday, thanks to their liquidity and full compliance with international rules.Lebanese banks "had sufficient liquidity to cope with future obstacles and any potential crises in the short term through high liquidity coverage," Torbey said.He also commented on the banks' compliance with the International Financial Reporting Standards.Torbey added that the amended Basel III required banks to make a commitment to recycle a large part of their profits, improve the quality of their risk-weighted assets, raise levels of hedging and adopt a more selective lending and investment policy in various domestic and international markets.
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