Finally, competition in the credit market
The Financial Services Supervision Law will open the market to real competition. From time to time we hear criticism that regulation in Israel is too burdensome. It is also claimed that excessive regulation prevents new players from entering the market and in fact prevents competition. In my opinion, the Financial Services Supervision Law (Non-institutional Entities) 2016, which was passed only recently, marks exactly the opposite. This law is in fact the main key that may open the credit market to real competition.