Supervisor of Banks directives

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”
Read
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
Read
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
Read
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
Read
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
Read
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
Read
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.
Read
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
Read
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
Read
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.
Read
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.
Read
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
Read
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
Read
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
Read
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
Read
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
Read
Regulatory relief for new banks
18/11/2019 | Regulatory relief for new banks
Read
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
Read
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
Read
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
Read
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
Read
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
Read
The Banking Supervision Department is making it easier for the banks to use public cloud technology
01/11/2018 | The Banking Supervision Department is making it easier for the banks to use public cloud technology in order to improve innovation, operational flexibility, service to customers, and efficiency.
Read
Facilitations and improvements in taking out and repaying mortgages
23/10/2018 | "The amendments we are making aim to simplify this important process and make it easier for the borrower to make optimal decisions when taking out or repaying a mortgage."
Read
Another stage in implementing the EMV standard in Israel
22/10/2018 | The Banking Supervision Department announces another stage in implementing the EMV standard in Israel—the standard that will improve security and advance innovation in payments
Read
Steps intended to ease the process of opening and managing a business account
13/09/2018 | The Banking Supervision Department and the Israel Tax Authority announce steps intended to ease the process of opening and managing a business account
Read
The Semiannual Report to the Economic Affairs Committee on Prices of Common Banking Services for Households—2017
12/09/2018 | The Supervisor of Banks at the Bank of Israel, Dr. Hedva Ber, submitted the Semiannual Report on Prices of Common Banking Services for Households to the Knesset’s Economic Affairs Committee.
Read
Measures to support the separation of the credit card companies
01/08/2018 | The Supervisor of Banks today notified Bank Leumi that the Bank of Israel will not allow the Leumi Group to realize the option to purchase up to 20 percent of the company through which the purchaser will purchase Leumi Card.
Read
The Banking Supervision Department is publishing a draft directive that will enable banks to buy back their own securities
16/07/2018 | The Banking Supervision Department is publishing a draft directive that will enable banks to buy back their own securities
Read
Another step in the implementation of the reform enhancing the competition in banking
25/06/2018 | Another step in the implementation of the reform enhancing the competition in banking: Rules for hosting new acquirers on computer infrastructures of existing acquirers
Read
The Banking Supervision Department publishes leniencies for the credit card companies that will be separated from the banks, as part of the reform to increase competition in banking
22/04/2018 | The main objective of the amendments is to make it significantly easier for the credit card companies to meet current financing needs (liquidity) and to enable them to vary their current sources of financing.
Read
Another step in enhancing competition in the financial system: Portfolio managers will be able to carry out transactions in customers’ accounts digitally
09/04/2018 | The Banking Supervision is publishing draft amendments to the directives on “E-banking”. Pursuant to the amendments, customers will be able to grant a power of attorney that will enable portfolio managers to execute transactions in the customers’ accounts
Read
The Banking Supervision Department publishes a draft directive to the banks on the topic of “Outsourcing”
26/03/2018 | The Banking Supervision Department publishes a draft directive that will enable the banks to outsource and cooperate on a activities in a variety of operational and business areas
Read
The Banking Supervision Department announces a leniency in how the banks weight risk assets in respect of mortgages with a LTV of 60–75 percent
11/03/2018 | The new directive is relevant only for loans for the purchase of a residential dwelling, and not for the purchase of an investment dwelling, and will come into force after comments from the Advisory Committee on Banking Business, on March 15, 2018.
Read
The Banking Supervision Department clarifies the requirements regarding cyber risk management vis-à-vis the banks’ external suppliers
11/03/2018 | In recent years, the number of cyber incidents taking place at financial institutions in Israel and abroad has increased
Read
The Israel Tax Authority and the Banking Supervision Department are Cooperating to Assist the Diamond Industry
22/01/2018 | The Director of the Israel Tax Authority and the Supervisor of Banks today sent a letter of clarification to the banks regarding the opening of accounts and the provision of credit to diamond merchants.
Read
Leniencies in opening a bank account digitally: Customers will be able to open a first bank account digitally from the age of 16
20/11/2017 | Banking Supervision has provided the banking system with a draft of amendments to the “E-Banking” directive, as part of which a range of leniencies in the process of opening an account online (via digital means)
Read
Good news for Buyer’s Price participants in the periphery
14/11/2017 | Good news for Buyer’s Price participants in the periphery: The grant awarded by the State will be recognized as part of winners’ equity
Read
The Banking Supervision Department clarifies its requirements regarding banks’ activities abroad
27/09/2017 | The Directive includes new requirements to focus activity abroad and strengthen risk management at subsidiaries, alongside gathering together and sharpening central principles related to group risk management and supervision of foreign banking offices.
Read
The Banking Supervision Department announces the expansion of the “Banking Availability Covenant” to reduce economic violence against battered women in shelters and half-way houses
23/08/2017 | The Banking Supervision Department announces the expansion of the “Banking Availability Covenant” to reduce economic violence against battered women in shelters and half-way houses
Read