And it is encouraging that the Reserve Bank insisted on core liquidity measures for the banking system, as well as robust capital levels, and failure management capabilities. In addition, the insurance sector has a clearer regulatory regime. However, much has not changed.
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.