Within the framework of the reforms, the consumers’ protection must be ensured, according to standards similar to those for the whole system. The Bank of Israel will adamantly oppose measures that might set the stage for the next crisis or that might adversely impact customers.
The continued implementation of measures initiated by the Bank of Israel, the creation of a central credit register and the promotion of measures for which a consensus has been achieved and which reflect the long-term welfare of consumers and the economy, will achieve significant improvements in the level of competition in the financial system without endangering stability or harming the consumer.