Bank of Israel to form financial stability committee

David Vaaknin

The Bank of Israel has finally been given the go-ahead to establish a financial stability committee, four years after former governor Karnit Flug first proposed the initiative.

The central bank said in a statement on November 27 it “commends the legislative amendment” passed by Israel’s parliament the previous day.

The new committee will be chaired by the central bank governor. It will consist of representatives from the three institutions responsible for various aspects of macro-prudential

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