Banking Regulation In Israel

Author : Ruth Plato-Shinar
Publisher : Kluwer Law International B.V.
Page : 330 pages
File Size : 40,8 Mb
Release : 2016-09-15
Category : Law
ISBN : 9789041167927

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Banking Regulation in Israel by Ruth Plato-Shinar Pdf

In the aftermath of the 2008 global financial crisis, many governments are seeking ways to improve their banking regulation systems in the interests of both economic health and consumer protection. Among the globally competitive countries that withstood the crisis with no significant disruption, Israel stands out, suggesting that other countries might benefit from an in-depth analysis of its banking system. This is the first book in English to provide such an analysis, emphasizing the crucial balance between prudential regulation and conduct of business regulation, which in Israel are both regulated by the same agency, unlike the ‘Twin Peaks’ model that prevails in other market-based economies. With recommendations that are highly applicable to many countries, the book examines a broad range of issues that are of current concern to the banking community worldwide. Among these issues are the following: – the architecture of financial regulation; – nationalization and privatization of banks; – conflicts of interest in the banking system resulting from universal banking; – problems of concentration and lack of competitiveness in the banking system; – the growing power of institutional investors and their entry into traditional banking activities; – mechanisms for recovery and resolution in the event of a bank failure; – new models of banking regulation, such as self-regulation and contractual regulation; and – bank consumer protection, complaint handling and redress. Even though the book focuses on Israeli banking regulation, its detailed attention to the development of a suitable supervisory model is of immeasurable international value for regulators, lawyers, bankers, academics, and business people who are in any way connected to the banking world; particularly following the 2008 crisis and its devastating effects. It is sure to be of service as many jurisdictions continue to search for optimal tools designed to prevent another such crisis.

Author : Ruth Plato-Shinar
Publisher : Kluwer Law International
Page : 128 pages
File Size : 54,7 Mb
Release : 2016-10-31
Category : Electronic
ISBN : 9041167919

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Banking Regulation in Israel by Ruth Plato-Shinar Pdf

Banking Regulation in Israel: Prudential Regulation versus Consumer Protection, unique in its kind, provides broad and comprehensive information about the Israeli Banking System and its regulation. Among the globally competitive countries that withstood the global financial crisis of 2008 with no significant disruption, Israel stands out, suggesting that other countries might benefit from an in-depth analysis of its banking system. Thus, the conservative characteristics of the Israeli Banking System subject to tight and effective regulation have now become a broad global interest. In light of this growing interest, this book serves as an exclusive source of information of Israeli banking law and regulation, and focuses on the most up-to-date global banking regulation issues, as reflected and implemented in Israel. Even though the book focuses on the Israeli system, the Israeli circumstances only serve as a test case for the analysis of broader issues that affect many other countries. What s in this book: With recommendations that are highly applicable to many countries, the book examines a broad range of issues that are of current concern to banking professionals worldwide. These include the following: the architecture of financial regulation; nationalization and privatization of banks; conflicts of interest in the banking system resulting from universal banking; problems of concentration and lack of competitiveness in the banking system; the growing power of institutional investors and their entry into traditional banking activities; mechanisms for recovery and resolution in the event of a bank failure; new models of banking regulation, such as self-regulation and contractual regulation. The book focuses on the relationship between the two main banking regulations: prudential regulation and conduct of business regulation. Unlike the Twin Peaks Model that prevails in many other market-based economies, such as the UK, where these two fields of regulation are divided between two different regulatory agencies, in Israel, the Supervisor of Banks is responsible for both. The book aims to examine the suitability of the Twin Peaks Model for Israel, and whether both the regulations should remain in the hands of the Supervisor of Banks. How this will help you: The book devotes a significant portion to the architecture of financial regulation, while providing a roadmap for the development of a suitable banking regulation model. This is of great value to regulators, lawyers, and business persons connected with banking in general worldwide, particularly in the aftermath of the global financial crisis, when many countries are re-examining their model of financial regulation to prevent another such crisis. In addition, since most pertinent Israeli material does not exist in English (including statutory enactments and official reports), the book enables non-Hebrew readers to become familiar with prevailing Israeli Laws and regulations, and to obtain a considerably detailed description of the current legal and regulatory situation. "

Author : Eyal Tevet,Varda Shiffer,Itzhak Galnoor
Publisher : Springer Nature
Page : 258 pages
File Size : 50,7 Mb
Release : 2020-12-14
Category : Political Science
ISBN : 9783030562472

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Regulation in Israel by Eyal Tevet,Varda Shiffer,Itzhak Galnoor Pdf

This book examines de facto regulation frameworks and methods in a variety of areas, such as banking, transportation, cyberspace, the non-profit sector, and more. Authored by experts in the field, this book deals with the “big” questions about the idea of regulation. It reveals the tentativeness of current regulatory schemes, the difficulties in balancing between the shared objective of protecting the public interest and other interests such as market stability, and promoting competition. The case studies point to the need for better planning and for more coherent policies. This collection offers to students of public policy, management and law, policy makers and practitioners a broad spectrum of insights—theoretical and practical—and contributes to the ongoing deliberations on the ways that regulatory arrangements could serve the public interest more efficiently.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 25 pages
File Size : 50,8 Mb
Release : 2016-07-06
Category : Business & Economics
ISBN : 9781498310840

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Israel by International Monetary Fund. Monetary and Capital Markets Department Pdf

Technical Assistance Report- Consultations on the Work of the Banking Supervision Department of the Bank of Israel

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 57 pages
File Size : 48,8 Mb
Release : 2012-04-02
Category : Business & Economics
ISBN : 9781475502749

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Israel by International Monetary Fund Pdf

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 has been conducted in November 2011 within the framework of the Financial Sector Assessment Program Update for Israel. The Bank of Israel and specifically its Banking Supervision Department headed by the Supervisor of Banks is responsible for prudential oversight of banks.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 107 pages
File Size : 49,7 Mb
Release : 2012-04-12
Category : Business & Economics
ISBN : 9781475555592

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Israel by International Monetary Fund Pdf

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.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 11 pages
File Size : 51,5 Mb
Release : 2003-03-17
Category : Business & Economics
ISBN : 9781451819526

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Israel by International Monetary Fund Pdf

This paper presents an update to the Report on the Observance of Standards and Codes Fiscal Sector Modules for Israel. The 2000–01 Financial Sector Assessment Program mission assessed Israel’s compliance with the Basel Core Principles for effective banking supervision. Israel was found materially noncompliant because of secrecy provisions that prohibit the Bank of Israel from disclosing supervisory information to other supervisors, both domestic and international. Israel was also found not fully compliant in some other areas including: objective, autonomy and powers; loan evaluation and loan loss provisioning; and investment criteria.

Author : Eyal Tevet,Varda Shiffer,Itzhak Galnoor
Publisher : Unknown
Page : 0 pages
File Size : 52,7 Mb
Release : 2021
Category : Electronic
ISBN : 3030562484

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Regulation in Israel by Eyal Tevet,Varda Shiffer,Itzhak Galnoor Pdf

This book examines de facto regulation frameworks and methods in a variety of areas, such as banking, transportation, cyberspace, the non-profit sector, and more. Authored by experts in the field, this book deals with the "big" questions about the idea of regulation. It reveals the tentativeness of current regulatory schemes, the difficulties in balancing between the shared objective of protecting the public interest and other interests such as market stability, and promoting competition. The case studies point to the need for better planning and for more coherent policies. This collection offers to students of public policy, management and law, policy makers and practitioners a broad spectrum of insights-theoretical and practical-and contributes to the ongoing deliberations on the ways that regulatory arrangements could serve the public interest more efficiently. Eyal Tevet is a researcher in the Department of Sociology, Political Science, and Communications at the Open University, Israel. He is also the academic co-director of a study on regulation in Israel, conducted at the Center for Social Justice and Democracy at The Van Leer Jerusalem Institute. Varda Shiffer is Senior Research Fellow at The Van Leer Jerusalem Institute, Israel. Her research focuses on privatization and regulation in the Israeli education system and, since 2013, she has been director of the program for developing models of collaborative governance in local authorities. Dr Shiffer was previously President of the Mandel Foundation, Israel, and founded the Mandel Center for Leadership in the Negev. Itzhak Galnoor is Herbert Samuel Professor of Political Science (Emeritus) at the Hebrew University of Jerusalem, Israel, and Senior Research Fellow at The Van Leer Jerusalem Institute.

Author : Nissan Liviatan,Haim Barkai
Publisher : Oxford University Press
Page : 215 pages
File Size : 41,6 Mb
Release : 2007-01-18
Category : Business & Economics
ISBN : 9780195345797

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The Bank of Israel by Nissan Liviatan,Haim Barkai Pdf

Volume II provides an in-depth analysis of important specific issues, detailed discussion of the independence of the Bank of Israel, and an econometric study of the central banks policies. This volume also includes a historical account of the liberalization of Israel's foreign-exchange market and various issues related to the banking system, such as concentration, competition, and especially banking supervision. In one of the articles in this volume, based on a series of interviews, the top officials of the Bank of Israel present their view on the Banks policies in the various periods.

Author : Anonim
Publisher : Unknown
Page : 94 pages
File Size : 54,6 Mb
Release : 2001
Category : Banks and banking
ISBN : STANFORD:36105111395310

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Israel, Financial System Stability Assessment by Anonim Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 91 pages
File Size : 47,7 Mb
Release : 2001-08-10
Category : Business & Economics
ISBN : 9781452779089

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Israel by International Monetary Fund Pdf

The recent government administrations and the Bank of Israel (BOI) are determined to obtain and preserve a stable currency and macroeconomic environment, in addition to deepening the financial sector. The BOI plays a key role in liquidity management and absorbing liquidity shocks owing to the uneven development of financial markets. The paper summarizes assessment of Israel's observance of financial sector supervision standards and codes. Israel has relatively well-developed, capable, and transparent financial sector supervision and monetary policy formulation. Insurance and pension reform should be completed.

Author : Daniel Maman,Zeev Rosenhek
Publisher : Taylor & Francis
Page : 193 pages
File Size : 40,8 Mb
Release : 2011-03
Category : Business & Economics
ISBN : 9781136822377

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The Israeli Central Bank by Daniel Maman,Zeev Rosenhek Pdf

This book examines the local and global political and institutional processes that have led to the strengthening of the Israeli central bank within the context of the now predominant neoliberal regime. Using Israel as a case study to identify broader patterns around the world, the authors examine the strengthening of central banks as a key dimension of the institutionalisation of the global regime. Drawing on an in-depth analysis of the political economy of the Israeli central bank since the mid-1980s, the authors show how the Bank of Israel mobilized global logics in order to strengthen its position vis-à-vis competing actors, especially the Ministry of Finance, and to promote the institutionalisation of the neoliberal regime. Employing a conflict-centered theoretical perspective, the authors elucidate the character of this institutional transformation and the mechanisms that were involved. Chapters examine the different phases of the process of central bank strengthening, focusing on the actors involved, the interactions between them, and the political strategies they employed, and analyse the consequences of the process for the shift in macro-economic management and in the mode of state involvement in the economy. Addressing the political and institutional processes that have led to the fundamental transformation of Israeli political economy, this book is a valuable addition to the existing literature on the Israeli banking system, political economy and globalisation.

Author : Meir Heth
Publisher : Unknown
Page : 300 pages
File Size : 53,9 Mb
Release : 1967
Category : Industrial policy
ISBN : STANFORD:36105120835090

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The Legal Framework of Economic Activity in Israel by Meir Heth Pdf

The law and organization of the state. Some basic institutions of private low and their relation...

Author : Anonim
Publisher : Unknown
Page : 76 pages
File Size : 47,5 Mb
Release : 2000
Category : Balance of payments
ISBN : IND:30000066871314

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Payment Systems in Israel by Anonim Pdf

Author : International Business Publications, Inc.
Publisher : Unknown
Page : 300 pages
File Size : 41,5 Mb
Release : 2013-07-01
Category : Business & Economics
ISBN : 1577514610

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Israel Central Bank & Financial Policy Handbook by International Business Publications, Inc. Pdf

Israel Central Bank & Financial Policy Handbook Volume 1 Strategic Information and Important Regulations