Controversy Surrounds Israeli Economy Report as Bank of Israel Criticizes Proposed Section on Banking Competition

Ministry of Finance Seeks OECD to Assess Banking Sector Competition without Bank of Israel’s Involvement

The Bank of Israel has expressed its concerns over the Israeli Ministry of Finance’s request to the OECD to include a section on banking competition in their regular biennial report on the Israeli economy. According to ynet, this request was made without informing the bank’s management, which has raised concerns about potential weakening of the stability of the banking system during wartime.

The Bank of Israel’s chairman, Professor Amir Yaron, has criticized the move, stating that it could be used for populist initiatives. The central bank’s press service emphasized that they would prefer to conduct such an audit during peacetime.

It is important to note that other articles and websites seem unrelated to the topic of banking competition and the struggle between the Ministry of Finance and the Bank of Israel. These unrelated topics range from online lotteries to casino bonuses, insurance, and even watch faces, with no clear connection to the current issue.

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