Israel; Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

A detailed assessment of Israelâ€™s compliance with the Basel Core Principles for effective banking supervision is presented. The Bachar reform that has been started in mid-2005 forced banks to divest most noncommercial banking activities, such as mutual funds, insurance, pension, and provident funds; the banks today focus on traditional banking business. As a result, the nonbank financial sector has grown rapidly, playing a larger role in credit markets. Financial supervision responsibilities in Israel are shared among several agencies. The Bank of Israel and specifically its Banking Supervision Department supervises banks.

MoreLess

Year of publication:	2012-04-12
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Banking sector \| Basel Core Principles \| Credit risk \| Financial Sector Assessment Program \| Reports on the Observance of Standards and Codes \| Risk management \| banking \| banking corporation \| capital adequacy \| banking supervision \| internal audit \| banking corporations \| banking system \| internal control \| banking industry \| money laundering \| risk profile \| audit function \| external auditor \| internal controls \| banking activities \| criminal activities \| banking supervisors \| foreign banks \| credit risk management \| consolidated supervision \| bank supervisors \| credit policy \| reporting requirements \| accounting standards \| international standards \| banking business \| problem bank \| loan review \| risk management practices \| supervisory authorities \| due diligence \| bank of israel \| supervisory approach \| assessment process \| supervisory process \| enforcement powers \| banking law \| compliance officer \| banking laws \| compliance function \| financial strength \| bank supervisor \| management information system \| banking license \| foreign branches \| capital base \| banking institutions \| information exchange \| risk management systems \| supervisory responsibilities \| capital requirement \| customer identification \| liquidity ratio \| reputational risk \| risk customers \| supervisory framework \| credit control \| supervisory practice \| banking risks \| holding company \| banking supervisor \| settlement systems \| suspicious transactions \| shell bank \| bankers \| suspicious transaction \| bank management \| banking operations \| mortgage lending \| business relationships \| clearing house \| financial intelligence unit \| supervisory authority \| internal control systems \| capital planning \| var model \| payment systems \| capital adequacy ratio \| customer acceptance \| settlement system \| criminal liability \| mortgage bank \| regulatory authorities \| bank operations \| bank holding \| bank subsidiaries \| settlement risk \| securities activities \| suspicious activities \| clearinghouse \| bank holding company \| criminal activity \| bank licensing \| foreign authorities \| competent authorities \| prudential supervision \| judicial authorities \| foreign jurisdiction \| banking operation \| tier 1 capital \| foreign exchange \| banking institution \| exchange information \| risk accounts \| foreign jurisdictions \| prudential regulation \| suspicious transaction report \| bank activities \| external auditing \| share information \| good faith \| asset classification \| supervisory agencies \| bank reports \| supervisory standards \| bank data \| banking practice \| material change \| banking service \| terrorism financing \| internal policies \| bank structure \| shell banks \| bank service \| banking supervisory agencies \| bank license \| off balance sheet \| financial records \| customer accounts \| banking practices \| bank failure \| bank exposures \| confidentiality requirements \| recapitalization \| bank subsidiary \| criminal prosecution \| suspicious activity \| terrorist financing \| financial intermediary \| securities firms \| bank supervisory authorities \| licensing process \| customer transactions \| legal entities \| licensing authority \| money laundering issues \| bank representatives \| due regard \| deposit insurance \| financial soundness \| adequate enforcement powers \| market transparency \| banking regulations \| supervisory principles \| check clearing \| financial supervision \| bank officers \| false information \| banking systems \| criminal investigation \| asset management company \| kyc policies \| monetary authority \| bank directors \| foreign authority \| securities regulation \| risk management procedures \| bank investments \| banking regulation \| electronic banking \| resource allocation \| adequate protections \| bankers ? association \| accounting system \| loan loss reserve \| regulatory requirements \| beneficial ownership \| prudential purposes \| bank business \| insurance supervisors \| secrecy provisions \| banking legislation \| banking sectors \| automated clearing house

More details

Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/85 10 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243258