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New Israeli legislation implements first legislative stage of open banking reform

In recent years, the Israeli government and the Bank of Israel have been initiating various actions that are intended to implement the open banking reform. The primary aim of the reform is to increase competition in the Israeli financial services market, which is currently rather concentrated and consists of a relatively small number of players. One of the key steps of the reform is the recent adoption of new legislation โ€“ namely, the Financial Information Service Law 2021.
Eu Payment Services Directive Israeli Securities Authority Financial Information Service Law Israeli Securities Aw Firms Aw Updates

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