IMF Staff Country Reports

Israel: Detailed Assessment of Observance of Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems

April 12, 2012

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Israel: Detailed Assessment of Observance of Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems, (USA: International Monetary Fund, 2012) accessed December 2, 2024

Summary

This paper presents detailed assessment of Israel’s compliance with Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems. A significant improvement in the payments landscape has been noted, with the high value payment system meeting most international standards. Together with the creation of the Zahav system, as part of the reform in the payment and settlement systems, the Bank of Israel has also introduced a series of other changes and improvements into the existing payments systems, to bring them into line with accepted international standards.

Subject: Asset and liability management, Banking, Financial institutions, Financial markets, Legal support in revenue administration, Liquidity, Payment systems, Revenue administration, Securities, Stock markets

Keywords: BOI law, Clearing house, CR, General ledger, ISCR, Legal support in revenue administration, Liquidity, Payment order, Payment system, Payment systems, Securities, Stock markets, System participant

Publication Details

  • Pages:

    41

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/086

  • Stock No:

    1ISREA2012008

  • ISBN:

    9781475503173

  • ISSN:

    1934-7685