Israel’s bank supervisor looks to split credit card companies from banks

bank-of-israel
Bank of Israel

Israel's two largest banks will be forced to sell the credit card companies they own if the country's central bank gets its way, its new bank supervisor, Hedva Ber, revealed yesterday (September 1).

Ber, who joined the Bank of Israel as Supervisor of Banks in July, set out her plans to promote competition in the financial system at a conference organised by Calcalist, an Israeli newspaper.

"We believe that further changes in competition can be advanced without negatively impacting the system's s

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