Israel central bank head urges more market change

ISRAEL - Bank of Israel Governor David Klein urged the government on 17 May to resume the process of making structural changes in Israel's financial markets so that the country could better compete in the global economy.

"The process...has been stopped almost completely," Klein said in prepared remarks for a policy speech. He said Israel needs to "return to the implementation of the changes necessary for a modern economy".

Klein reiterated his call for elimination of the shekel's trading band,