Israel: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
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Summary:
A detailed assessment of Israel’s compliance with the Basel Core Principles for effective banking supervision is presented. The Bachar reform that has been started in mid-2005 forced banks to divest most noncommercial banking activities, such as mutual funds, insurance, pension, and provident funds; the banks today focus on traditional banking business. As a result, the nonbank financial sector has grown rapidly, playing a larger role in credit markets. Financial supervision responsibilities in Israel are shared among several agencies. The Bank of Israel and specifically its Banking Supervision Department supervises banks.
Series:
Country Report No. 2012/085
Subject:
Banking Business enterprises Capital adequacy requirements Credit risk Economic sectors Financial regulation and supervision Market risk Operational risk
Frequency:
Quarterly
English
Publication Date:
April 12, 2012
ISBN/ISSN:
9781475503166/1934-7685
Stock No:
1ISREA2012007
Pages:
107
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