Banking Supervisor Sees No Problem with Record Profits and Promises: "Competition Will Enter"
Amidst enormous profits of 32 billion shekels, the Competition Authority's declaration of the banks as a concentration group ignited a frontal confrontation between regulators • Banking Supervisor Danny Hachiasvili disavows the idea and explains that…
Assessment
The Supervisor of Banks is publicly breaking with the Competition Authority over how to handle Israel's banking sector, rejecting the designation of banks as a concentration group. He argues that regulatory infighting is now the central story, with the Supervisor arguing that infrastructure, not structural breakup, will foster competition. He promises three new banks within a year, a claim that will be tested against the sector's entrenched dominance.