## Israel: Report on the Observance of Standards and Codes

_IMF Staff Country Reports, April 2, 2012_

## Source details

**Canonical URL:** [Israel: Report on the Observance of Standards and Codes](https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-report-on-the-observance-of-standards-and-codes-25818)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/israel-report-on-the-observance-of-standards-and-codes-25818/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/israel-report-on-the-observance-of-standards-and-codes-25818/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/israel-report-on-the-observance-of-standards-and-codes-25818/bundle-manifest.json)

## Bibliographic details
- Published: April 2, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475502749.002

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### Overview
- 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 was conducted in November 2011 within the framework of the Financial Sector Assessment Program Update for Israel.

### Institutional responsibility and supervisory framework
- The Bank of Israel is responsible for prudential oversight of banks.
- Prudential oversight is specifically executed by the Banking Supervision Department, headed by the Supervisor of Banks.

### Key findings and thematic coverage
- Findings:
  - Authorities take a proactive approach to supervision and correcting incipient problems.
  - Regulations are generally up to date.
  - An assessment of implementation of the Basel Core Principles for Effective Banking Supervision was completed in November 2011 as part of the FSAP Update for Israel.
- Subject areas covered:
  - 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 highlighted:
  - 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

### Document and access notes
- The page indicates the report is part of IMF Staff Country Reports.
- The web landing page provides options to Download PDF, access More Formats on IMF eLibrary, Order a Print Copy, Create Citation, Share, and Export Citation formats.
- Date on the page: April 2, 2012.

*Israel: Report on the Observance of Standards and Codes (April 2, 2012).*

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## Content in this bundle

- **Israel: Report on the Observance of Standards and Codes; IMF Country Report 12/72; March 12, 2012**
  - [Israel: Report on the Observance of Standards and Codes; IMF Country Report 12/72; March 12, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr1272.pdf.md){rel="alternate" type="text/markdown"}
  - [Israel: Report on the Observance of Standards and Codes; IMF Country Report 12/72; March 12, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr1272.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-report-on-the-observance-of-standards-and-codes-25818_