Following the popular uprising in Libya of 2011, it is still premature for the relevant regulators to consider the overhaul of the financial services industry in Libya, including Islamic finance, the regulation of foreign banks and stock exchange.
The current Banking Law No 1 for 2005 and the Stock Exchange Law No 11 for 2010 are still in force and shall regulate all banking and securities activities at present until being amended…………………………………………Full Article: Source