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Central bank governors from Russia,

Monday, October 31, 2016 15:33
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(Before It's News)

Central bank governors from Russia, Asian and Balkan countries accepted the
invitation from the Governor of the Bank of Israel and arrived in Jerusalem
for an international conference of central banks

31/10/2016

The Bank of Israel today is hosting for the first time the international
conference of central banks belonging to the Central Bank Governors’ Club of
Central Asia, the Black Sea Region and Balkan Countries, after group
members, who meet every half-year in a different country, responded in the
affirmative to the invitation from the Governor of the Bank of Israel, Dr.
Karnit Flug, to hold the conference in Jerusalem.

Governor of the Bank of Israel Dr. Karnit Flug said, “The Israeli economy is
impacted by the global economy, and there is utmost importance to
international cooperation and professional conversation. I am happy at the
broad response of colleagues from 18 countries to visit Israel, and for the
opportunity to present to our guests outstanding examples of the
technological innovation for which Israel’s economy is known. We derive
great benefit from our close working relationships with central banks
worldwide and view the high professional regard of Israel’s economy as an
important asset.”

The conference will be opened by the Governor of the Bank of Israel, and the
other central bank governors will present the economic developments in their
countries. Bank of Israel Research Department Director Prof. Nathan Sussman
will present the developments in Israel’s economy. Supervisor of Banks Dr.
Hedva Ber will discuss Israel’s supervision of cyber risks in the banking
system, and Prof. Isaac Ben-Israel will address participants on Israel’s
cyber industry. There will also be a lecture by Vice President–Advanced
Technology of Mobileye, Mr. Erez Dagan.

Participating in the conference are the Governors of the central banks of
Russia (prior to the conference, the Governor of Russia’s central bank
presented the challenges of economic policy in Russia to Bank of Israel
staff), the Czech Republic, Romania, Bulgaria, Armenia, Bosnia and
Herzegovina, Croatia, Georgia, Kyrgyzstan, Macedonia, and Albania. In
addition, deputy Governors or senior officials from China, Turkey, Greece,
Moldova, Poland, Azerbaijan and Belarus will participate.

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