On August 6, 2025, the interministerial team to increase competition in the retail banking sector (established by Israel’s Minister of Finance in collaboration with the Governor of the Bank of Israel) published its...more
8/11/2025
/ Bank of Israel ,
Banking Sector ,
Competition ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Israel ,
Open Banking ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements
Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for...more