Bank of Israel Warns Against Including Banking Competition in OECD Report During Israeli-Palestinian Conflict

The Bank of Israel has expressed concerns over the Israeli Ministry of Finance’s request for the OECD to include a section on banking competition in its regular biennial report on the Israeli economy. This request was made without informing the central bank’s management, according to ynet portal. It is customary for the OECD to conduct an audit on a specific topic in addition to the general report, with the topic usually chosen by the country’s leadership.

However, this choice has angered Professor Amir Yaron, who serves as Chairman of Bank of Israel. He believes that conducting an audit on this topic during wartime could potentially weaken the stability of the banking system and be used for populist initiatives. Therefore, he has urged caution and emphasized that it would be best to conduct such an audit during peacetime.

It is worth noting that other articles and websites are unrelated to this topic and do not discuss banking competition or any disagreements between government agencies and financial institutions. Instead, these articles cover a range of topics including online lotteries, casino bonuses, insurance policies, and even watch faces with no clear connection to this current issue.