Israel: Report on the Observance of Standards and Codes

IMF Staff Country Reports, April 2, 2012

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Israel: Report on the Observance of Standards and Codes

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Bibliographic details

• Published: April 2, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475502749.002

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).

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)
  • Israel: Report on the Observance of Standards and Codes; IMF Country Report 12/72; March 12, 2012 (PDF)