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The Director of the Bank of Israel Payment and Settlement Systems Department, Mr. Oded Salomy, spoke at the International Conference of Regional Card Organizations and Retail Financial Market Infrastructures, hosted by the World Bank and the European Card Payment Association (ECPA). The conference was held at Lisbon, Portugal, last week.
Regulators, heads of payments and settlement departments in central banks around the world, operators of various Financial Market Infrastructures (FMIs) worldwide, including from Israel and other senior representatives of the payments industry, attended the conference.
Mr. Salomy spoke on a panel of central bank regulators on the topic, "The Role of Regulators - How regulators are proactively changing the global markets and their roles regarding competition and convergence". In addition, he addressed a separate World Bank forum, reserved for central bankers, on the topic "Regulatory Initiatives in Israel Promoting Fast Payments".
Director of the Bank of Israel Payment and Settlement Systems Department, Mr. Oded Salomy:
“To me, the conference validated that progress we have made in recent years in the payments space in Israel places us at the forefront, and attracts interest from abroad. Central banks in other countries share many of the same goals and challenges that we face in the payments arena in Israel. We were pleased to see that we are able to learn from each other. The intimate and highly interactive nature of the conference enabled us to engage not only with our peers at central banks abroad, but also directly with operators of Financial Market Infrastructures (FMIs) that came from around the world. . We continue to be stricken by the value and high level of professionalism provided by the World Bank payments team and their ongoing work with countries seeking to evolve digital payment offerings together with their FMIs.”