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

April 12, 2012

Preview Citation

Format: Chicago

Israel: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2012) accessed November 23, 2024

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.

Subject: Banking, Business enterprises, Capital adequacy requirements, Credit risk, Economic sectors, Financial regulation and supervision, Market risk, Operational risk

Keywords: Banking corporation, Board of directors, Business enterprises, Capital adequacy requirements, Commercial bank, CR, Credit risk, Credit risk, Global, Internal audit, ISCR, Market risk, Operational risk, Risk management, Senior management, Supervisor of bank

Publication Details

Pages:

107
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/085
Stock No:

1ISREA2012007
ISBN:

9781475503166
ISSN:

1934-7685

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