Israel: Detailed Assessment of Observance of Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems

April 12, 2012

Preview Citation

Format: Chicago

Israel: Detailed Assessment of Observance of Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This paper presents detailed assessment of Israel’s compliance with Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems. A significant improvement in the payments landscape has been noted, with the high value payment system meeting most international standards. Together with the creation of the Zahav system, as part of the reform in the payment and settlement systems, the Bank of Israel has also introduced a series of other changes and improvements into the existing payments systems, to bring them into line with accepted international standards.

Subject: Asset and liability management, Banking, Financial institutions, Financial markets, Legal support in revenue administration, Liquidity, Payment systems, Revenue administration, Securities, Stock markets

Keywords: BOI law, Clearing house, CR, General ledger, ISCR, Legal support in revenue administration, Liquidity, Payment order, Payment system, Payment systems, Securities, Stock markets, System participant

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/086
Stock No:

1ISREA2012008
ISBN:

9781475503173
ISSN:

1934-7685

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