The Bank of Israel Is Captive to Tycoons, Supervisor Admits

But Hedva Ber is looking at the symptom and ignoring the disease: the banks’ shaky corporate governance, their political power and the regulators’ fear to confront them

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Three months ago, a spokesman for the Bank of Israel deviated from the beaten path. A few days after Haaretz wrote once again that the central bank was captive to the banks that it’s supposed to supervise, it...