Israeli Regulators Feel Brexit Justified their Paranoia
Posted: Tue Jun 28, 2016 3:04 pm
The final panel of the Finance Magnates TLV Conference was an exciting, candid and provocative discussion about the state of the Israeli forex industry in light of recent regulations.
Zvi Gabai, the head of Securities and Financial Regulation Department at Barnea & Co and the former Head of Enforcement at the Israel securities Authority (ISA) put his former regulator hat back on and told us how the shock of Brexit will cause the regulators to think they are right not to let brokers continue to operate freely. This type of volatility makes them double and triple cautious. The regulator will tighten ... (read more)