The Bank of Israel and the Finance Ministry, along with the Israel Securities Authority, are working on the creation of a financial stability entity for Israel that would prepare for and address any eventual financial crisis here. The entity would be similar in function to the Financial Stability Board that the group of the 20 largest economies, the G20, set up in 2009.
Discussions under way to set up financial stability board for the country
Entity would identify risks and provide policy oversight in the event of a real crisis.
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