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Banking & Finance / Financial Regulation

The intricate regulatory regime in Israel has a far-reaching impact on companies operating in the banking sector. Barnea has vast know-how and experience in counselling companies in relation to all matters pertaining to the local regulatory environment, including its specific laws.

Barnea provides legal advisory services relating to financial regulations, including licensing issues, representation before the regulatory authorities, financial transactions, money laundering, financial services and more.

 

Barnea advises local banks, foreign banks contemplating the establishment of operations in Israel, foreign banks in their interactions with Israeli customers and the operation of foreign bank subsidiaries in Israel or through local subsidiaries, financial institutions, FinTech companies and a variety of clients whose business activities are affected by financial regulations.

 

Our firm also provides legal counselling and guidance with regard to the licensing requirements pursuant to the Banking Law, the Regulated Financial Services Law, various credit card regulations relating to issuing, acquiring, processing and settlement of transactions in the credit card market, regulations relating to non-bank credit, currency services, investment counselling and more.

 

Barnea’s team has considerable experience representing clients before relevant regulatory authorities, such as the Bank of Israel, the Supervisor of Banks, the Israel Securities Authority, the Antitrust Authority, the Tel-Aviv Stock Exchange, the Capital Markets Commissioner and the Israel Money Laundering Prohibition Authority.

 

Dr. Zvi Gabbai, who heads the Capital Markets and Financial Regulation Department, has unique experience in the field, including serving as the Head of Enforcement and a member of management of the Israel Securities Authority, and as a lawyer in the New York office of Skadden, Arps, Slate, Meagher & Flom

 

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News and updates - Banking & Finance / Financial Regulation:


July 29, 2019

Payment Apps Will Enter Small Businesses

Bank of Israel published a position paper with respect to the activity of banks' payment apps in the B2C market. The position paper is the conclusion of a long battle waged by credit card companies against the banks.

July 4, 2019

Article: The Israeli Payments Market Remains Behind

Adv. Anat Even-Chen, a partner and our regulation expert, published an article in Globes describing the advancement of the payments market in Israel and its opening up to competition. This move requires courageous measures by regulators - the Capital Market Authority and the Bank of Israel.

August 12, 2018

Bank of Israel Encourages New Digital Banks

In June 2018, the Bank of Israel published a new policy for authorizing small and digital banks. The Banking Supervisor announced that new banks can have initial regulatory capital of NIS 50 million - a substantial reduction of the levels previously required.

Banking & Finance / Financial Regulation

The intricate regulatory regime in Israel has a far-reaching impact on companies operating in the banking sector. Barnea has vast know-how and experience in counselling companies in relation to all matters pertaining to the local regulatory environment, including its specific laws.

Barnea provides legal advisory services relating to financial regulations, including licensing issues, representation before the regulatory authorities, financial transactions, money laundering, financial services and more.

 

Barnea advises local banks, foreign banks contemplating the establishment of operations in Israel, foreign banks in their interactions with Israeli customers and the operation of foreign bank subsidiaries in Israel or through local subsidiaries, financial institutions, FinTech companies and a variety of clients whose business activities are affected by financial regulations.

 

Our firm also provides legal counselling and guidance with regard to the licensing requirements pursuant to the Banking Law, the Regulated Financial Services Law, various credit card regulations relating to issuing, acquiring, processing and settlement of transactions in the credit card market, regulations relating to non-bank credit, currency services, investment counselling and more.

 

Barnea’s team has considerable experience representing clients before relevant regulatory authorities, such as the Bank of Israel, the Supervisor of Banks, the Israel Securities Authority, the Antitrust Authority, the Tel-Aviv Stock Exchange, the Capital Markets Commissioner and the Israel Money Laundering Prohibition Authority.

 

Dr. Zvi Gabbai, who heads the Capital Markets and Financial Regulation Department, has unique experience in the field, including serving as the Head of Enforcement and a member of management of the Israel Securities Authority, and as a lawyer in the New York office of Skadden, Arps, Slate, Meagher & Flom

 

Back to Banking & Finance

News and updates - Banking & Finance:


July 29, 2019

Payment Apps Will Enter Small Businesses

Bank of Israel published a position paper with respect to the activity of banks' payment apps in the B2C market. The position paper is the conclusion of a long battle waged by credit card companies against the banks.

July 4, 2019

Article: The Israeli Payments Market Remains Behind

Adv. Anat Even-Chen, a partner and our regulation expert, published an article in Globes describing the advancement of the payments market in Israel and its opening up to competition. This move requires courageous measures by regulators - the Capital Market Authority and the Bank of Israel.

August 12, 2018

Bank of Israel Encourages New Digital Banks

In June 2018, the Bank of Israel published a new policy for authorizing small and digital banks. The Banking Supervisor announced that new banks can have initial regulatory capital of NIS 50 million - a substantial reduction of the levels previously required.

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