Bank of Israel
Flug turns Bank of Israel focus to financial stability
Central bank's 'workplan' for 2014 centres on financial stability reforms; governor tells Knesset that stress tests show banking system is strong, but operating efficiency remains low
Israeli annual report for bank customers could be first step to reduce transparency 'knowledge gap'
Bank of Israel supervisor pushes for banks to provide customers with tailored yearly reports; UK consultancy says future lies in 'single online portal' for all financial products
Reserve managers diversifying due to rise in risk, not a search for return, say CBP panellists
Central bank reserve managers are moving into new assets due to concerns about rising risks in traditional currencies, rather than in a search for yield, say Central Banking On Air panellists
Flug takes up Fischer's mantle on Israeli economy
New governor Karnit Flug proposes financial stability committee in conjunction with ministry of finance; repeats predecessor's calls to expand labour force participation and build more homes
Flug calls for inclusive Israeli labour market
Next Bank of Israel governor Karnit Flug says integrating Arab population into Israeli economy will counteract expected decline in working age population and subsequent drop in growth rates
Bank of Israel saga comes full circle with Flug nomination
Prime minister relents and nominates Stanley Fischer’s deputy as the next central bank governor; Karnit Flug’s first act is to appoint research head Nathan Sussman to the monetary committee
People: Stanley Fischer joins US think-tank; Hungarian central bank official moves to EIB
Fischer takes post at US think-tank after leaving the Bank of Israel; László Baranyay joins the European Investment Bank; sovereign wealth fund managers on the move
US needs to improve supervision of insurers, FSB peer review concludes
Dombret-led review says US is making progress in reducing systemic risk, but insurance supervision architecture is ‘fragmented'; FSB also publishes progress report on compensation practices
Israel central bank reinstates September meeting due to market volatility
Bank of Israel reverses a decision not to meet around the Jewish new year; u-turn likely to have been influenced by market expectations that the Fed will begin to 'taper' next month
Israeli banking supervisor floats full risk weights for mortgages
Draft guidance presented to Bank of Israel advisory committee yesterday would also force banks to limit the use of variable interest rates and do away with long-term loans
Blejer heads up new Bank of Israel shortlist
Former Central Bank of Argentina governor is new front-runner for the Bank of Israel top job; former Israeli deputy Zvi Eckstein also submits application
Leiderman turns down Bank of Israel top job
Prime minister Benjamin Netanyahu in sticky situation as top two choices turn down central bank governorship within five days of each other; pool of potential candidates shrinking fast
Leo Leiderman nominated as Bank of Israel governor
Bank Hapoalim chief economist picked to replace the departed Stanley Fischer; deputy governor Karnit Flug will step down after missing out on top job for second time
Frenkel drops bid to be next governor of the Bank of Israel
Jacob Frenkel withdraws candidacy for the post of governor at the central bank amid public furore; Israeli government may turn to Karnit Flug
Israeli paper examines price-setting behaviour
Research finds that consumer prices in Israel are ‘moderately sticky’ and only change every 6 to 9 months; finds inflation expectations impact pricing behaviour more than actual inflation
Fischer says Frenkel will face ‘completely different' world
In his departing press conference at the Bank of Israel, Stanley Fischer highlights many changes that Jacob Frenkel will find when he returns; Frenkel still faces investigation over improper payments
Frenkel to rejoin Bank of Israel as Fischer replacement
Former Bank of Israel governor nominated to replace Stanley Fischer; decision surprises some as deputy governor Karnit Flug appeared to have Fischer's backing for the role
Israel's Fischer says he used casting vote to avoid ‘signs of a crisis'
Outgoing Bank of Israel governor regrets his MPC never outvoted him, but feels recent moves to stem the shekel's rise have met with success
Fischer gives high marks to Bernanke and Draghi
Outgoing Bank of Israel governor Stanley Fischer believes the world owes a great debt to Fed chairman Ben Bernanke and praises ECB president Mario Draghi; says Israel can live with side effects of QE
Bank of Israel’s outgoing chief, Stanley Fischer, on the challenges of central banking
Stanley Fischer believes his work as governor of the Bank of Israel is done. He tells Chris Jeffery about the reform process in Israel as well as the challenges facing the world economy and the IMF
Fischer urges peace in the Middle East
Bank of Israel governor Stanley Fischer tells state finance committee to find ‘partners for peace’; endorses high defence spending in state budget
Israel cuts rate for second time in two weeks
Bank of Israel cuts benchmark interest rate by 25 basis points for second time this month as global monetary easing ‘accelerates’
Israeli committee split over rate cut, minutes reveal
Governor Stanley Fischer used casting vote to keep May rate cut to 25bp after half the monetary committee called for a sharper reaction to tackle the appreciating shekel
Israel cuts rates and buys forex in moves to ward off ‘Dutch disease'
Unscheduled monetary policy decision by Bank of Israel cuts base rate 25bp as central bank launches a forex purchase programme to hold the shekel down after gas finds