Professional arguments and differences of opinion regarding the activity of the Bank of Israel are legitimate and will continue to be so. But there are hardly any complaints about lack of professionalism. And the CFO survey corroborates this.
Finally, I will discuss where we are in the process of amending Basel I, which will continue to apply to most banks operating in the United States. Reasons for developing Basel II Large, internationally active financial institutions have become more complex in terms of both sophistication of services and business practices, as well as organizational structure.