Israel : Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

April 12, 2012

Electronic Access:

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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. 12/85

Subject:

Frequency:

Quarterly

English

Publication Date:

April 12, 2012

ISBN/ISSN:

9781475503166/1934-7685

Stock No:

1ISREA2012007

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

107

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