Israel
Flug defends Bank of Israel’s role as government economic adviser
Departing governor clashed with executive over public spending priorities
Israel keeps rates unchanged to support inflation
Central bank expects price rises to be below target in the coming months
Amir Yaron appointed Bank of Israel governor
US-based professor in line to take over from Karnit Flug later this year
Bank of Israel criticises government’s defence spending plans
Outgoing governor Flug also disagrees with finance ministry’s low-tax policies
Israeli PM considers former Argentine head as possible governor
Mario Blejer met with Israeli prime minister and finance minister, local newspaper reports
Weak inflation keeps rates at record low in Israel
Bureau of statistics revised economic forecasts upwards in the face of solid growth
Bank of Israel begins push for open banking
Regulation of APIs designed as part of several measures to promote banking sector competition
Bank of Israel’s Flug to stand down in November
First female governor stresses importance of central bank independence
People: BoE’s Fried promoted; Vlieghe reappointed
Bradley Fried to take over as Court chair; Gertjan Vlieghe gets new term; Anneli Tuominen to serve additional term at Esma; Israel appoints technology chief
Structural measures are boosting competition – Bank of Israel report
The banking supervision department is looking to increase competition in the banking sector
Bank of Israel files first civil lawsuit against counterfeiters
Counterfeiters already convicted of forging “tens of thousands” of the new 200-shekel note; central bank seeking €100,000 in compensation
Israel’s Flug calls for higher-quality labour market
Bank of Israel governor says country is close to full employment but must do more to improve labour market conditions
Bank of Israel profits from rising equities – market operations director
Andrew Abir says Israeli central bank has benefited from rising US equities
Asset manager of the year: BlackRock
BlackRock delivered some innovative new products and a highly regarded training scheme to build on its already strong foundation in reserve management services
Financial initiatives may bypass people with lower financial literacy, paper says
Reforms in Israel designed to benefit the whole population did not reach some groups
People: Cleviston Haynes handed full governorship
Central Bank of Barbados acting governor gets full term; delayed appointments made to Israel’s Supervisory Council; ESM confirms Mário Centeno as chair
Bank of Israel invites real-time payments proposals
Central bank envisages “at least” one real-time payments infrastructure, to be developed and operated by a third party
Bank of Israel grapples with low inflation
Latest figure is a welcome exit from deflation but the central bank does not expect prices to be back on target until 2018
People: Israel picks MPC members after lengthy process; Brazil promotes deputies
Bank of Israel MPC members appointed after process spanning several years; Brazil promotes internal candidates; RBA has new international director; and more
People: New chairman in Macau; Bosnia appoints vice-governor
Chan Sau San to lead Macau’s monetary authority; Bosnia appoints vice-governor; Nathan Sussman leaves the Bank of Israel after six years as head of research
People: Ma Jun departs PBoC; Brazil promotes directors
Chief economist of the PBoC departs central bank for academia; Central Bank of Brazil gets new directors; Andrew Abir to sit on the Bank of Israel’s monetary committee
Bank of Israel: competition reforms could add to rapid credit growth
Credit to households continues “significant” expansion and may be boosted by banking competition reforms, central bank warns
Bank of Israel warns banks are exposed to vehicle finance
Central bank warns exposures are “not negligible” and continue to grow, although they do not yet present a systemic risk
People: Trump names Otting for OCC job; Sri Lankan assistant governor promoted
People: Trump names Otting for OCC job subject to Senate approval; Sri Lankan assistant governor promoted to deputy role; Barbados appoints acting deputy; and more