National Economic Conference

Regulator to Try and Make Israeli Brokerage Market More Competitive

Speaking at Calcalist’s National Economic Conference, Israel Securities Authority Chairwoman Anat Guetta said the authority’s strategy is to encourage businesses like JP Morgan to enter the local market

In the next few years, the Israel Securities Authority intends to attempt to increase the competitive nature of Israel’s brokerage market by encouraging the entrance of players such as JP Morgan Chase & Co., according to Chairwoman Anat Guetta.

 

For daily updates, subscribe to our newsletter by clicking here.

 

Speaking at Calcalist’s National Economic Conference held in Tel Aviv Wednesday, Guetta, who assumed the position eight months ago, unveiled her strategic plan for the authority’s operations in the near future. She stated the authority will focus on five core subjects: market fairness, leveraging technology and innovation, encouraging competition among financial service providers, increasing the public accessibility of the capital market, and ensuring the capital market is supporting domestic economic growth.

 

Israel Securities Authority Chairwoman Anat Guetta. Photo: Orel Cohen

 

One of the ways to do so is to encourage investment in national infrastructure, Guetta said, adding that in the upcoming weeks the authority will be working with several Israeli government entities to set up exchange-traded purpose-specific funds.