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Visit of the Governor of the Central Bank of Canada to Israel
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The Governor of the Bank of Canada, Mark Carney, arrived in Israel on Wednesday, May 9th as a guest of the Bank of Israel.
Governor Carney also serves as Chairman of the Financial Stability Board (FSB), the major international body, based in Basel, Switzerland, working comprehensively to strengthen the supervision of the global financial system. The membership of the FSB consists of the financial regulators of the countries of the G-20 (and four other countries) and of the various financial standard setting bodies including the Basel Committee, IOSCO, IAIS and others.
Mr. Carney came to Israel primarily to participate in the Bank of Israel's Knowledge Conference. At the Conference, in a discussion with Governor Fischer, he discussed the Bank of Canada's current perspectives on the conditions of the Canadian and global economies, and presented his views on a range of issues including the role of the FSB, the role of the Bank of Canada and other central banking issues. In addition, Governor Carney presented a comprehensive lecture to the management and economists of the Bank of Israel on the goals, structure and methods of operation of the FSB.
During the visit, Governor Carney met with Prime Minister Benjamin Netanyahu and with the Minister of Finance Dr. Yuval Steinitz.
Governor Carney will depart Israel on Monday, May 14th.