The same global growth is one of the factors providing a boost for the growth which Israel's economy is currently enjoying, but it is not the only one.
In many banks, a culture that rewarded innovation and opacity over risk management and transparency eventually undermined its  BIS Review 39/2009  3  creators. Senior managers and shareholders of banks discovered that actual risks were much greater than originally thought. By that time, the more junior traders who had assumed the risks had already been paid, largely in cash.