Israel: Financial System Stability Assessment

IMF Staff Country Reports, April 2, 2012

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Israel: Financial System Stability Assessment

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Bibliographic details

• Published: April 2, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475502718.002

Executive summary

• The paper discusses the Financial System Stability Assessment of Israel.
• The stability analysis suggests that systemic financial vulnerabilities to severe shocks in line with historical experience are manageable.
• In aggregate, buffers are at comparatively comfortable levels.
• The authorities operate an effective, proactive, and sophisticated system of financial sector oversight, which needs to be developed further in some areas.
• The authorities have underpinned the functioning of the financial system by enhancing the central bank liquidity framework and introducing a real-time gross settlement system.

Key findings and analysis

• Systemic vulnerability assessment:
  • Systemic financial vulnerabilities to severe shocks in line with historical experience are manageable.
  • Buffers are described as being at comparatively comfortable levels.
• Regulatory and supervisory framework:
  • The authorities already operate an effective, proactive, and sophisticated system of financial sector oversight.
  • Some areas of oversight require further development (no additional specificity provided in the source).
• Payments and liquidity infrastructure:
  • The central bank liquidity framework has been enhanced.
  • A real-time gross settlement system has been introduced.
• Stress testing and risk coverage:
  • The document is categorized under Stress testing and related subjects, indicating stress-test-based analysis of resilience.

Subjects and keywords

• Subjects:
  • Banking
  • Commercial banks
  • Corporate bonds
  • Financial crises
  • Financial institutions
  • Financial sector policy and analysis
  • Insurance companies
  • Stress testing
• Keywords:
  • bank member
  • bank subsidiary
  • bank supervisor
  • banking system
  • BOI macro-model
  • bridge bank
  • Commercial banks
  • Corporate bonds
  • CR
  • credit risk
  • Europe
  • financial system
  • forecasted path
  • Global
  • Insurance companies
  • interest rate
  • ISCR
  • liquidity assistance
  • resolution regime
  • Stress testing

Content in this bundle

• Israel: Financial System Stability Assessment; IMF Country Report 12/69; March 12, 2012
  • Israel: Financial System Stability Assessment; IMF Country Report 12/69; March 12, 2012 (Markdown version)
  • Israel: Financial System Stability Assessment; IMF Country Report 12/69; March 12, 2012 (PDF)