The Bank of Israel supports every process that serves the public, and takes this principle into account in every decision it reaches. Therefore, the issues must be examined from a long term perspective, and processes whose negative impact is greater than their benefit and that are liable to pose a risk to the economy should be avoided.
We will thus ensure that the reform will bring about the intended changes. There is broad agreement on the need to strengthen the competition in the credit market’s household and small businesses segment, and to make it easier for new participants to compete in the merchant acquiring and payment services sector as well.