Israel publishes first financial stability report

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The Bank of Israel published its first Financial Stability Report since 2004 today – acknowledging the need to "identify and assess the systemic risks faced by the financial system" on a regular basis.

This is now common practice among the central banks in advanced economies, while some academics have argued the reports will become "a lot more important" in the coming years.

The Bank of Israel was given a mandate to "support the stability and orderly activity of the financial system" in 2010 and

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