Israel's Fischer on capital market reforms

In the speech 'Capital market reforms in Israel' given on 5 July, Stanley Fischer of the Bank of Israel said the stability of the banking system will not be affected by the separation of the provident funds and mutual funds from the banks.

"The stability of the system depends on the quality of the asset portfolios held by the banks and the manner in which they manage them. I believe that when the banks focus on classic banking they will manage their portfolios even more efficiently than they do

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