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2025-03-27 15:17:18

Layer3.news on Nostr: calcalist.co.il THE ANTITRUST AUTHORITY WARNS OF THE INITIATIVE TO CHANGE THE ...


THE ANTITRUST AUTHORITY WARNS OF THE INITIATIVE TO CHANGE THE FINANCIAL SAVINGS STRUCTURE: 'FEAR OF HARMING COMPETITION'


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✍️ The Israeli Financial Supervision Authority (Rashut Ha'Tachrit) has expressed concerns about the proposed changes to the savings and investment market, fearing that a new platform will create a complex and confusing system that will harm consumers.
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👉 The Rashut Ha'Tachrit has expressed concerns about the proposed changes to the savings and investment market.
👉 The authority believes that the new platform will create a complex and confusing system that will harm consumers.
👉 The Rashut Ha'Tachrit is worried that the proposed changes will lead to a lack of transparency and increased costs for consumers.
👉 The authority believes that the proposed changes will create a conflict of interest between financial institutions and consumers.
👉 The Rashut Ha'Tachrit believes that the current regulatory framework is not sufficient to address these concerns.

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#finance
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In a letter sent to the members of the Arbitration Committee, the Competition Authority claims that it is not permissible for insurance agents to sell investment products, and warns that setting up an investment account, as recommended by the committee, is likely to create confusion in the field, harm vulnerable savers, and create barriers to entry for financial institutions.
https://www.calcalist.co.il/market/article/sywmbjmajg

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