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ISRAEL: Financial system reforms take one step forward

Reform of banking and credit is one of the main items on incoming Finance Minister Moshe Kahlon’s agenda.

 

Flug,   Kahlon,   Netanyahu /Kobi Gidon,   Eyal Yitzhar
The five main matters that the new government will tackle in its first year were decided by agreement in a discussion on banking reform today. The participants in the discussion were Prime Minister Benjamin Netanyahu, Governor of the Bank of Israel Karnit Flug, and incoming Minister of Finance Moshe Kahlon, together with their aides and invited economic experts.

Financial regulation

The discussion on consolidating financial regulation resulted in a general understanding that change was necessary in the current situation of fragmented powers and of contradictions between the Banking Supervision Department of the Bank of Israel, the Israel Securities Authority, the Commissioner of Capital Markets, Insurance and Savings in the Ministry of Finance, and the Anti-trust Authority… [READ MORE]

 

Published by Globes [online], Israel business news – www.globes-online.com

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