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

International Monetary Fund

No 2012/085, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; banking corporation; risk management; supervisor of bank; board of directors; commercial bank; credit risk; internal audit; senior management; Business enterprises; Credit risk; Capital adequacy requirements; Operational risk; Market risk; Global (search for similar items in EconPapers)
Pages: 107
Date: 2012-04-12
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