The Bank of Israel raised it warning level of the threat to Israel’s financial system on Wednesday, citing uncertainty related to the government’s judicial overhaul. According to the Financial Post, the Israeli government’s efforts to advance its controversial judicial overhaul actually poses a threat to the country’s financial system and economy. In its Financial Stability Report for the first half of 2023, the central bank presented the challenges to the country’s financial system and raised its assessment of the level of risk to Israel’s macroeconomic environment to “medium high” from “medium low”. The Times of Israel said that the bank’s report cited concerns of legal and institutional changes leading to a slowdown in the tech sector and a weakening of … Continue reading Israel: central bank raises warning level of threat to financial system