Beirut Scope has obtained documents and spoken with three sources close to the negotiations revealing the behind-the-scenes deliberations that shaped Lebanon's proposed banking restructuring plan.
According to the sources, who requested anonymity due to the sensitivity of the talks, a key sticking point was the allocation of losses between large depositors and bank shareholders.
A final agreement is expected before the end of the month, though several major banks have privately signaled continued opposition to the proposed haircuts.