Israel’s Flug calls for new financial stability committee

Karnit Flug, Bank of Israel

Bank of Israel governor Karnit Flug has called for a financial stability committee to ensure the country's supervisory authorities work together.

"In order to ensure the system's stability, it is important to institutionalise the collaboration between each of the financial supervisory authorities by setting up a financial stability committee," she said, in remarks at the launch of the central bank's annual report for 2014.

Flug noted the share of assets managed by the non-bank sector has "grown

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