Israeli regulators warn banks

ISRAEL - Israeli regulators warned commercial banks they looked to be inadequately covered against a surge in foreign-currency lending last year and urged them to tighten standards.

The Bank of Israel warning comes amid a sharp depreciation of the shekel since the base lending rate was slashed 200 basis points at the end of December. The Israeli currency has lost 12% against the dollar since mid-December and was trading at 4.7310 shekels against the dollar Monday.

The Bank of Israel said foreign

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.