Israel: Report on the Observance of Standards and Codes
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Summary:
Israel’s Report on Standards and Codes for the financial sector is presented. The authorities take a proactive approach to supervision and correcting incipient problems, and regulations are generally up to date. The assessment of implementation of the Basel Core Principles for Effective Banking Supervision has been conducted in November 2011 within the framework of the Financial Sector Assessment Program Update for Israel. The Bank of Israel and specifically its Banking Supervision Department headed by the Supervisor of Banks is responsible for prudential oversight of banks.
Series:
Country Report No. 2012/072
Subject:
Bank supervision Banking Financial institutions Financial markets Financial regulation and supervision Insurance Insurance companies Legal support in revenue administration Operational risk Payment systems Revenue administration
English
Publication Date:
April 2, 2012
ISBN/ISSN:
9781475502749/1934-7685
Stock No:
1ISREA2012004
Pages:
56
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