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User:Wassim A Manssouri/sandbox

Wassim Manssouri, Acting Governor - Banque du Liban
Wassim Manssouri, born 21 November 1971, Acting Governor Banque du Liban (Central Bank of Lebanon)
Wassim A. Manssouri
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Wassim Ahmad Manssouri,(وسيم أحمد منصوري), born November 21, 1971, Aitaroun, South Lebanon, is the Acting Governor[1] of the Banque du Liban (Lebanon Central Bank).

Dr. Manssouri was appointed as the First Vice-Governor of Banque Du Liban by Decree No. 6475 on June 10, 2020 [2]. He assumed the role of Acting Governor of Banque Du Liban under Article 25 of the Code of Money and Credit[3] on August 1, 2023.

In his role, he is supported by the the three Vice-Governors and the Central Council. He chairs the BDL Central Council[4], the Higher Banking Commission[5], the Special Investigation Commission (SIC)[6], and the Capital Markets Authority (CMA)[7].

Additionally, Dr. Manssouri serves as a member of the Board of Governors at both the International Monetary Fund (IMF])[8], and the Arab Monetary Fund (AMF)[9].

Career

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Dr. Wassim Manssouri is an attorney and the founder of Manssouri & Associates Law Firm (1998-2020)[10].

Throughout his career, Dr. Manssouri held several positions. Among them:

Academic field

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Dr. Manssouri holds a PhD in Public Law from Montpellier University – France and another PhD “Doctorat d'état” from the Lebanese University[15].

He served as the director of the French section of the faculty of law at the Lebanese University (2019-2020)[16].

Civil Society

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In 2009, Dr. Manssouri founded the Lebanese Association of Constitutionalists, which he presided over (2009-2020)[17]. The association aims to promote knowledge and awareness in constitutional law, human rights, and democracy[18].


Dr. Manssouri has authored various articles and studies in the fields of law, constitution, legislation, political science, and economics. Notably, he conducted a study on Lebanon’s Accession to the Global Forum on Transparency and Exchange of Information for Tax Purposes, held under the auspices of the OECD in Belgium, in 2018.

Due to his appointment as Vice-Governor on June 10, 2020, Dr. Manssouri has halted his professional and academic activities.

Role and actions as the interim governor of Lebanon's central Bank

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In August 2023, Dr. Wassim Manssouri took over as the interim head of Lebanon's central bank, replacing Riad Salameh[19][20][21][22]. He has discussed policy shifts, such as phasing out the "Sayrafa exchange platform[23]" and stopping government funding[24][25][26] from the central bank without legal backing[27]. Dr. Manssouri emphasizes the need for government reforms and legislative solutions to address the financial crisis and has called for rebuilding trust with depositors to revive the banking sector[1]. He advocates for a collective solution to return frozen bank assets to depositors[28][29].

Dr. Manssouri has expressed a commitment to reforming governance and accounting processes at the Central Bank while ensuring that the institution fulfills its genuine role of maintaining monetary stability[1] [30].

Internationally, Dr. Manssouri has been noted for his stance on halting government funding and advocating for monetary stability. He has highlighted the necessity of clear and robust laws to address the banking sector's challenges and has been involved in meetings with international bodies like the IMF and regional stakeholders to discuss Lebanon's economic situation[30].

Dr. Manssouri has been actively working to prevent Lebanon from being added to the Financial Action Task Force (FATF) "grey list"[31]. This list includes countries under increased monitoring for deficiencies in combating money laundering and terrorist financing[32].

References

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  1. ^ a b c "Who is Wassim Mansouri, BDL's new acting governor?"[1]. L'Orient Today. 31 July 2023. Retrieved 1 August 2023.
  2. ^ "Governorate Timeline". Banque du Liban. Retrieved 13 Aug 2024.
  3. ^ Code of Money and Credit PDF
  4. ^ Article 28 of Code of Money & Credit)
  5. ^ Article 10 of law no. 28/67
  6. ^ Article 6 of law 318 of April 20, 2001
  7. ^ Article 6 of law 161/2011)
  8. ^ "Lebanon". IMF Connect. Retrieved 16 Aug 2024.
  9. ^ "Board Of Governors". Arab Monetary Fund. Retrieved 16 Aug 2024. {{cite web}}: Text "Arab Monetary Fund" ignored (help)
  10. ^ "وسيم منصوري.. محام ومستشار قانوني يحكم مصرف لبنان بالوكالة". Aljazeera.net. 13 Aug 2023. Retrieved 12 Aug 2024.
  11. ^ "Annual Report 2018" (PDF). Permanent Court of Arbitration. 2018. Retrieved 14 Aug 2024.
  12. ^ "وسيم منصوري.. محام ومستشار قانوني يحكم مصرف لبنان بالوكالة". Aljazeera.net. 13 Aug 2023. Retrieved 12 Aug 2024.
  13. ^ "ندوة عن دور البرلمان في احترام سيادة القانون وتطبيق الموجبات الدستوريّة وموجبات حقوق الإنسان(28-29شباط)". مجلس النواب. 27 Feb 2013. Retrieved 16 Aug 2024.
  14. ^ "وسيم منصوري.. محام ومستشار قانوني يحكم مصرف لبنان بالوكالة". Aljazeera.net. 13 Aug 2023. Retrieved 12 Aug 2024.
  15. ^ "وسيم منصوري.. محام ومستشار قانوني يحكم مصرف لبنان بالوكالة". Aljazeera.net. 13 Aug 2023. Retrieved 12 Aug 2024.
  16. ^ "كلية الحقوق والعلوم السياسية والإدارية - الفرع الفرنسي". Lebanese University. 8 July 2020. Retrieved 12 Aug 2024.
  17. ^ "مركز الابحاث والدراسات في المعلوماتية القانونية - تأسيس جمعية باسم: "الجمعية اللبنانية للدستوريين"". Lebanese University. 18 June 2009. Retrieved 12 Aug 2024.
  18. ^ "مركز الابحاث والدراسات في المعلوماتية القانونية - تأسيس جمعية باسم: "الجمعية اللبنانية للدستوريين"". Lebanese University. 18 June 2009. Retrieved 12 Aug 2024.
  19. ^ Omar Tamo & Dana Khraiche (31 July 2023). "Lebanon Central Bank Deputy to Take Over from Scandal-Hit Head". Bloomberg. Retrieved 24 July 2024.
  20. ^ "Lebanon's Wassim Mansouri, acting central bank governor". Reuters. 31 July 2023. Retrieved 24 July 2024.
  21. ^ Hale, David (14 August 2023). "A New Central Bank Governor Creates an Opportunity for Lebanon, and the US Should Help". Wilson Center. Retrieved 24 July 2024.
  22. ^ "Lebanon Events 2023 - World Report 2024". Human Right Watch. 2024. Retrieved 24 July 2024.
  23. ^ Gebeily, Maya (17 July 2023). "Lebanon's central bank to phase out Sayrafa exchange platform". Reuters. Retrieved 24 July 2024.
  24. ^ "Mansouri: It is time for the banking sector to restore the lending process". Dearborn News. Retrieved 24 July 2024.
  25. ^ Taher, Abbas (3 September 2023). "BDL Acting Governor: I Will Not Use People's Deposits to Lend to the State". Asharq Al-Awsat. Retrieved 24 July 2024.
  26. ^ Mroue, Bassem (25 August 2023). "Lebanon's interim central bank chief vows not to lend money to government, calls for economic reform". Associated Press News. Retrieved 24 July 2024.
  27. ^ "Lebanon's central bank vice governor to take over as interim head". Al Arabiya News. 31 July 2023. Retrieved 24 July 2024.
  28. ^ "Bank deposits restitution: Wassim Manssouri calls for a 'collective solution'". L'Orient Today. 28 September 2023. Retrieved 24 July 2024.
  29. ^ "Mansouri Discusses a New Proposal for Deposits' Categorization". This is Beirut. 18 April 2024. Retrieved 24 July 2024.
  30. ^ a b "Mansouri: BDL Played a Role It Should Not Have Assumed". This is Beirut. 29 September 2023. Retrieved 24 July 2024.
  31. ^ "Gafi 'grey list', Mansouri reports "positive" meetings in Washington". L'Orient Today. 9 July 2024. Retrieved 24 July 2024.
  32. ^ "Mansouri in Washington to stop placing Lebanon on the "gray list"". Dearborn.org. 10 July 2024. Retrieved 24 July 2024.
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