Bank, treasury join forces to safeguard public’s savings

14.03.2012                      20.Adar. 5772

Wirtschaft:

Bank, treasury join forces to safeguard public's savings

New team will work to reduce the risk of a financial crisis in Israel, maintain stability of the financial system.

The Bank of Israel and the Finance Ministry have for the first time formed a team for maintaining financial stability in Israel, sources close to the capital market said Monday.
According to the sources, the new team will work to reduce the risks of a financial crisis in Israel and to maintain the stability of the financial system in general. For the first time there will be joint systemic planning for all the groups that supervise the capital markets, regarding policy, risk assessment and solutions….