18 June 2013

The New Bank of Israel

A Farewell Conference Honoring Governor Stanley Fischer

A new BOI LawA new BOI Law

Redefining policy objectives

Expanding policy tools at BOI's disposal

Expanding flexibility in FX reserves

management

Formation of a Monetary Committee

Formation of a Supervisory Council

The use of various policy tools

Intervention in Forex market;

Quantitative easing: Purchase of Government bonds;

Limitations on mortgages ( e.g. limiting LTVs, % in variable

rates);

Limitations on (disruptive) short term capital flows.

BOI operation

A new wage agreement;

A thorough reorganization of the BOI;

Business continuity plans and practices.