We all take it as a given that the check that we deposit, or the funds transfer which we carry out, always reach their destination, but this would not happen if not for the control of the Accounting, Payment and Settlement Systems Department at the Bank, and there is no substitute for the analytical talents and policy recommendations of the Research Department economists, who work constantly to try to provide answers, to both the urgent policy questions and the longer term issues in the Israeli economy.
Property funds Finally, let me now turn to the most recent addition to our macroprudential toolkit, more relevant to the commercial real estate market. As I mentioned earlier, the financing of commercial real estate has changed significantly over the past decade, with a growing role for financial intermediation by investment funds.