The government provides a safety net to banks in the form of deposit insurance, and in return, banks are subject to government oversight that mimics some of the monitoring that the private sector would provide, absent the government safety net.
d.  Transparency and accountability  The new Bank of Israel Law will require the Bank to account for its decisions, policies and achievements in a clear, ordered fashion, by means of reports to the Knesset, the government and the public, in line with the practice in the leading central banks.