Cross Border banking has become the prevailing reality. This fact is reflected twice over: Many banks operate outside their homeland by opening branches and subsidiaries in foreign countries. At the same time, they provide services in their home countries, not only to local citizens but also to...

One of the characteristics of the banking system in Israel is – or at least used to be - the relatively high level of bank secrecy. Bank secrecy is one of the key obligations imposed on the bank vis-à-vis its customer. It embodies not only the customer's interest but also the interest of...