Banking regulation -- The Israeli banking system and its supervision -- Prudential regulation -- Conduct of business regulation -- Prudential regulation versus conduct of business regulation : consolidation or separation? -- Banking regulation in Israel : the way forward

Recently several judgments have been entered in Israel, extending the liability of banks providing construction loans to building constructors. According to this position, the banks are liable towards various third parties which are bound by a contractual relationship with the constructor,...

Personal guarantees are common practice in Israel. Banks and lenders often demand personal guarantees from third parties as security for the provision of credit, either as sole security or in addition to other – usually proprietary – collateral. However, personal guarantees are common not...

The article analyzes the impact of the Anti-Money Laundering legislation on the Israeli banking system and on the bank-customer relationship.After a general analysis of the main issues included in the Law, the article focuses on three obligations that are imposed on the banks: The obligation of...

Most countries lack regulations directly addressing liability of lenders for environmental problems caused by their borrowers. Nonetheless, lenders may be held liable under various theories of banking, environmental, tort, and corporate law. This article examines the justifications for holding...

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...

Most countries lack regulations directly addressing liability of lenders for environmental problems caused by their borrowers. Nonetheless, lenders may be held liable under various theories of banking, environmental, tort, and corporate law. This article examines the justifications for holding...

The article deals with class actions against banks and credit card companies under Israeli Law.The article criticizes the conservative approach of the courts and their reluctance to certify the submission of class actions. The courts interpret the conditions set forth in the Law with excessive...

According to Israeli law, the bank owes a fiduciary duty to its customers. However, recently, the Israeli courts have expanded the doctrine of the ban's fiduciary duty in various ways: In terms of the content o the duty; in terms of the scope of the beneficiaries – other than customers –...