Chairman of the Israel Securities Authority warns: "Replacing banking concentration with institutional concentration is not competition"

The Chairman of the Israel Securities Authority warns against replacing banking concentration with institutional concentration, stating that this structure is not competitive. He refers to large institutional bodies as new financial conglomerates.

The Chairman of the Israel Securities Authority warns of the danger in replacing banking concentration with institutional concentration, stating that this structure is not competitive. In his remarks, as reported in the article, he refers to large institutional bodies (pension funds, insurance companies) as new financial conglomerates that could harm competition in the capital market. The article does not provide specific data or examples to back up the warning.