Israel’s banking system resilient to geopolitical shock, governor says
Recent stress tests measured impact of geopolitical shock on domestic economy
The Bank of Israel’s recently-completed stress tests show the country’s financial sector is resilient to the possible economic impact of a geopolitical shock, governor Amir Yaron said on May 16.
Giving his audience a “first peek” at the test results, Yaron said the banking system would be able to weather a “serious domestic macroeconomic situation resulting from geopolitical events”.
“The results show that the scenario would have a significant impact on the banking system, but that it is not
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