Israel: Financial System Stability Assessment

Volume/Issue: Volume 2012 Issue 069
Publication date: April 2012
ISBN: 9781475502718
$20.00
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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , bank subsidiary , financial system , resolution regime , bank supervisor , bank member , bridge bank , liquidity assistance , BOI macro-model , banking system , forecasted path , interest rate , credit risk , Stress testing , Insurance companies , Corporate bonds , Commercial banks , Global , Europe

Summary

This paper discusses the Financial System Stability Assessment of Israel. The stability analysis suggests that systemic financial vulnerabilities to severe shocks in line with historical experience are manageable and in aggregate, buffers are at comparatively comfortable levels. The authorities already operate an effective, proactive, and sophisticated system of financial sector oversight, which, however, needs to be developed further in some areas. The authorities have underpinned the functioning of the financial system by enhancing the central bank liquidity framework and introducing a real-time gross settlement system.