While all Indian banks have adopted the standardised approaches under the Basel II framework in 2009, the pace of migration to the advanced approaches has, naturally, been very slow. Though the Reserve Bank has set an indicative time schedule for implementation of the Advanced Approaches, banks’ response has been less than encouraging so far.
An international comparison of retirement arrangements shows that in Israel, the retirement age for women is relatively low, and even after it rises to 64, as it is supposed to do in 2017, it will still be significantly lower than in most European countries, some of which are also in the midst of gradually raising it, and all of which except for Switzerland have set out that the retirement ages for men and women will become equal in the future.