Supervisor of Banks directives

Consumer-related transparency in a changing financial environment- Publication of the banking corporations’ interest rates- completion of the first stage
02/10/2022 | Supervisor of Banks Yair Avidan sent a letter to the banking corporations’ CEOs
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The Banking Supervision Department publishes a supervisory policy document on AML/CFT
26/07/2022 | the Banking Supervision Department (BSD) today is publishing a document defining its roles and targets on the issue, and the manner in which the BSD will act to achieve its targets.
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The Banking Supervision Department publishes a directive on improving the presentation of information to customers of advanced payment services
19/06/2022 | Following the increase in the scope of customers’ use of digital payment applications, the Banking Supervision Department is publishing a new directive today on advanced payment services.
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The Banking Supervision Department announces the removal of barriers to using cloud computing services
13/06/2022 | The Banking Supervision Department is publishing today an amendment to Proper Conduct of Banking Business Directive no. 362 on “Cloud Computing”.
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Directives regarding board of directors and remuneration
10/04/2022 | Directives regarding board of directors and remuneration
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The Bank of Israel announces the publication of a draft regulation in the area of AML/CFT risk management derived from the provision of payment services related to customer activity in virtual currencies
10/03/2022 | In view of the increase in customer activity in virtual currencies, and the resulting increase in customer requests to transfer money originating in such activity to payment accounts managed within the banking system
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The Banking Supervision Department is enabling a reduction in customer reception hours at branches of the banking system
18/01/2022 | The Banking Supervision Department is enabling a reduction in customer reception hours at branches of the banking system
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The Banking Supervision Department publishes updates to the Proper Conduct of Banking Business Directive dealing with AML/CFT
26/10/2021 | The Banking Supervision Department today published an update to Proper Conduct of Banking Business Directive no. 411 on “Management of Anti-Money Laundering and Countering Financing of Terrorism Risks”.
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The Banking Supervision Department acts to extend the validity of the temporary provision through December 31, 2021, and updates its policy regarding dividends
19/09/2021 | The Banking Supervision Department acts to extend the validity of the temporary provision through December 31, 2021, and updates its policy regarding dividends
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Three revisions to the Banking Supervision guidelines on housing loans
09/08/2021 | The Banking Supervision Department is today publishing a revision to the guidelines on housing loans
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The Banking Supervision Department calls on the banks to apply a prudent and conservative approach in the distribution of dividends
15/07/2021 | The Banking Supervision Department calls on the banks to apply a prudent and conservative approach in the distribution of dividends
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Draft update of directives on board of directors and on compensation
13/07/2021 | Draft update of directives on board of directors and on compensation
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Draft directive for public comment, on improving disclosure to customers about fees and returns in their securities portfolio
18/05/2021 | The Banking Supervision Department publishes a draft directive for public comment, on improving disclosure to customers about fees and returns in their securities portfolio
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The Banking Supervision Department allows corporations to open bank accounts online
29/12/2020 | Another step to encourage digital banking activity: The Banking Supervision Department allows corporations to open bank accounts online
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Directive regarding the removal of restrictions on providing variable rate housing loans – effective date
27/12/2020 | Directive regarding the removal of restrictions on providing variable rate housing loans – effective date
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Draft update to banking system directive: updating housing loans with variable interest rate
14/12/2020 | Draft update to banking system directive: updating housing loans with variable interest rate
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Update of the banking system’s limitations on the Construction and Real Estate industry
07/12/2020 | Update of the banking system’s limitations on the Construction and Real Estate industry
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The Banking Supervision Department announces a reduction of leverage ratio requirements from the banking system in order to allow the support of economic activity
01/11/2020 | The Banking Supervision Department announces a reduction of leverage ratio requirements from the banking system in order to allow the support of economic activity
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Publication of Draft Proper Conduct of Banking Business Directive on “Dormant Deposits and Accounts of Deceased Owners”
12/08/2020 | Publication of Draft Proper Conduct of Banking Business Directive on “Dormant Deposits and Accounts of Deceased Owners”
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The Bank of Israel has instructed the banks to enable the online transfer of securities portfolios
01/07/2020 | The Banking Supervision Department at the Bank of Israel today published a revision to Proper Conduct of Banking Business Directive 432
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The Supervisor of Banks has sent a letter to the banking system regarding customers experiencing difficulties due to the corona crisis
24/06/2020 | In recent weeks, the banking system has returned to full operation in view of the COVID-19 pandemic, as most restrictions have been cancelled and the economy has begun returning to regular economic activity
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Leniencies in the provision of housing loans in view of the corona crisis
22/04/2020 | The Banking Supervision Department is adopting further regulatory leniencies, with the aim of assisting borrowers during the crisis
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In view of the coronavirus crisis, the Banking Supervision Department announces leniencies in adding customers to remote execution of transactions and in issuing debit cards to customers
02/04/2020 | In view of the coronavirus crisis, the Banking Supervision Department announces leniencies in adding customers to remote execution of transactions and in issuing debit cards to customers
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The Banking Supervision Department announces a reduction in the banks’ capital requirements, and instructs them to examine the distribution of dividends in order to increase the supply of credit in the economy
29/03/2020 | The Banking Supervision Department announces a reduction in the banks’ capital requirements, and instructs them to examine the distribution of dividends in order to increase the supply of credit in the economy
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The COVID-19 crisis—supervisory statement regarding the treatment of loans and reporting to the public
25/03/2020 | The Banking Supervision Department published a draft on the implementation of requirements set in Reporting Directives, on accounting treatment of borrowers who temporarily encounter payment difficulties due to the COVID-19 crisis.
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Due to the corona situation, account restrictions due to checks without cover will be suspended as of March 4
23/03/2020 | Due to the corona situation, account restrictions due to checks without cover will be suspended as of March 4
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The Bank of Israel launches a dedicated page on its website regarding the coronavirus and a set of questions and answers on banking
19/03/2020 | The Bank of Israel launches a dedicated page on its website regarding the coronavirus and a set of questions and answers on banking
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Banking Supervision Department guidelines to the banking system
16/03/2020 | From tomorrow, face-to-face banking service to the public will be provided at designated branches across the country. Automatic teller machines and other direct banking services will continue as normal.
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Joint Press release: Uniform regulation by the Banking Supervision Department and the Capital Market, Insurance and Savings Authority of the provision of consumer credit in the financial system
19/02/2020 | The Banking Supervision Department and the Capital Market, Insurance and Savings Authority are jointly publishing directives to regulate the consumer aspects of credit provision activity to private individuals.
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The Banking Supervision Department publishes leniencies in bank account management requirements for nonbank credit providers and credit intermediation system (P2P) operators
11/02/2020 | The Banking Supervision Department publishes leniencies in bank account management requirements for nonbank credit providers and credit intermediation system (P2P) operators
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The Banking Supervision Department instructs the banks to enable the online submission of requests to transfer securities portfolios
04/02/2020 | The Banking Supervision Department instructs the banks to enable the online submission of requests to transfer securities portfolios
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Easing the switch between banks: The Bank of Israel today publishes the rules that will enable customers to switch banks online and easily within 7 business days
16/12/2019 | Easing the switch between banks: The Bank of Israel today publishes the rules that will enable customers to switch banks online and easily within 7 business days
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The Bank of Israel publishes guidelines for the banks and credit card companies for implementation of the open banking standard in Israel
04/12/2019 | Another step to advance competition and innovation: The Bank of Israel publishes guidelines for the banks and credit card companies for implementation of the open banking standard in Israel
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The Bank of Israel enables the banking system to expand the scope of credit for financing infrastructures
26/11/2019 | The Bank of Israel enables the banking system to expand the scope of credit for financing infrastructures
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Regulatory relief for new banks
18/11/2019 | Regulatory relief for new banks
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The Banking Supervision Department instructs the banking system to operate under emergency procedures
12/11/2019 | The Banking Supervision Department instructs the banking system to operate under emergency procedures in accordance with Home Front Command instructions
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Directive regarding share buybacks by banking corporations
03/03/2019 | The Banking Supervision Department is publishing today the directive regarding share buybacks by banking corporations
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The Banking Supervision Department is requiring the banks to establish a Board of Directors committee for technology and innovation
20/11/2018 | The Banking Supervision Department is requiring the banks to establish a Board of Directors committee for technology and innovation, and is defining its areas of responsibility
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Customers will be able to use their bank’s website to access information about transactions made on a nonbank payment card
20/11/2018 | Further measures to increase competition: Customers will be able to use their bank’s website to access information about transactions made on a nonbank payment card
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The Banking Supervision Department is acting to reduce the phenomenon of merchants defrauding customers
01/11/2018 | The Banking Supervision Department is acting to reduce the phenomenon of merchants defrauding customers
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