Lebanon's parliament has amended its banking secrecy law, granting regulatory bodies greater access to bank account information. This reform is a key demand by international creditors before the country can receive bail-out funds. The changes aim to restore the rights of depositors and rebuild confidence in the financial system. Lebanon's strict banking secrecy laws were once a major attraction for investors, but the economic crisis that began in 2019 exposed the need for transparency and accountability. The amendments allow banking supervisory and regulatory bodies to access all banking information without a specific objective.