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Israel: Report on the Observance of Standards and Codes
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 072
Language:
English
Publication Date:
02 Apr 2012
DOI:
https://doi.org/10.5089/9781475502749.002
ISBN:
9781475502749
ISSN:
1934-7685
Pages:
56
Keywords:
ISCR; CR; central bank; clearing house; credit risk; risk assessment; active market; capital base; internal auditor; risk management; interbank market; insider trading; Insurance companies; Payment systems; Insurance; Legal support in revenue administration; Bank supervision; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund