Bank of Israel slams critical report into supervision
So-called Tycoon Committee “ignores material facts” and reaches “mistaken conclusions”, says central bank
The Bank of Israel has issued an angry response to a parliamentary report critical of its banking supervision, calling the conclusions “mistaken” and saying they could endanger financial stability.
“The committee’s report ignores material facts and many changes that have already been made, reaches mistaken conclusions, and bases risky recommendations on those conclusions without examining or analysing the future implications of its recommendations,” the central bank says in a statement released
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