Supervision of Israel’s housing market paramount: Fischer
Stanley Fischer, the governor of the Bank of Israel, on Tuesday said financial supervision must remain vigilant over risks to the mortgage-lending industry in Israel.
At the annual conference of the Association of Banks in Israel, Fischer said: "Financial supervision generally, and Israel's banking supervision particularly, must remain vigilant." This applied to "the banking system generally and the mortgage-lending industry specifically," he said.
Fischer said the structure of Israel's mortgage
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