The Central Bank (BDL) has reauthorized commercial banks and financial institutions to directly carry out transactions involving financial instruments on behalf of their clients, according to two new BDL circulars.
The new circulars overturn a November 2016 BDL decision that prohibited such transactions unless they were done through specialized banks or brokerage firms. That decision was frozen following an objection by the Association of Banks, said Amine Awad, General Manager of BLOM Ba...
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