Bank of Israel: Public's savings are too exposed to risk
A new study shows investment portfolios are dangerously similar, making their owners vulnerable to a systematic financial collapse.
The close similarity in the composition of investment portfolios containing the public's savings and managed by the financial institutions exposes Israel's entire financial system to a high degree of systematic risk, according to a study released Sunday by the Bank of Israel. With the recent spate of debt restructurings in the Israeli economy, the central bank set off to determine how the institutionals diversify...
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