Bank of Israel unveils proposals to increase banking competition
The Bank of Israel on July 15 unveiled proposals to increase competition in the banking sector, including increasing the number of banks operating in the country, improving transparency and imposing price controls on certain bank fees.
The proposals are aimed at improving the bargaining power of households and small businesses, reducing costs and improving the quality of service, all problems that have been flagged in the market.
An interim report setting out these proposals was produced by a
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