Israel: Report on the Observance of Standards and Codes
April 2, 2012
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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.
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
Keywords: active market, Bank supervision, capital base, central bank, clearing house, CR, credit risk, Global, insider trading, Insurance, Insurance companies, interbank market, internal auditor, ISCR, Legal support in revenue administration, Payment systems, risk assessment, risk management
Pages:
56
Volume:
2012
DOI:
Issue:
072
Series:
Country Report No. 2012/072
Stock No:
1ISREA2012004
ISBN:
9781475502749
ISSN:
1934-7685
