Moreover, we need to check whether or not market pressure, which is regarded as a main incentive, would result in establishing advanced disclosure as a market practice. At present, it is only a hypothesis that more advanced disclosure would lead to more appropriate risk management by market participants, let alone to further enhancing financial system stability through the better grasp of macro risk profile.
The Ministry of Finance reports that prices of new houses have fallen, while the Central Bureau of Statistics (CBS) reports that overall housing prices continue to increase. Until the trends in the real estate market become clearer, the Bank of Israel must ensure that no bubble in housing prices develops that would harm financial stability.