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Author: Ruth Plato-Shinar Publisher: Kluwer Law International B.V. ISBN: 9041167927 Category : Law Languages : en Pages : 330
Book Description
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 B.V. ISBN: 9041167927 Category : Law Languages : en Pages : 330
Book Description
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 ISBN: 9789041167910 Category : Languages : en Pages :
Book Description
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 Publisher: Springer Nature ISBN: 3030562476 Category : Political Science Languages : en Pages : 258
Book Description
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 ISBN: 1498310842 Category : Business & Economics Languages : en Pages : 25
Book Description
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 ISBN: 1475502745 Category : Business & Economics Languages : en Pages : 57
Book Description
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 ISBN: 1475503164 Category : Business & Economics Languages : en Pages : 107
Book Description
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 ISBN: 1451819528 Category : Business & Economics Languages : en Pages : 11
Book Description
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 Publisher: ISBN: 9783030562489 Category : Languages : en Pages : 0
Book Description
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 Publisher: Oxford University Press ISBN: 0195345797 Category : Business & Economics Languages : en Pages : 215
Book Description
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: International Monetary Fund Publisher: International Monetary Fund ISBN: 1452779082 Category : Business & Economics Languages : en Pages : 91
Book Description
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: Ruth Plato-Shinar
Author: Ruth Plato-Shinar
Author: Ruth Plato-Shinar
Author: Eyal Tevet
Author: International Monetary Fund. Monetary and Capital Markets Department
Author: International Monetary Fund
Author: International Monetary Fund
Author: International Monetary Fund
Author: Eyal Tevet
Author: Nissan Liviatan
Author: International Monetary Fund