Banking & Finance
Banking Regulation
Herzog Fox & Neeman enjoys a close working relationship with Israeli regulators and is held in uniquely high regard by the regulatory authorities. Herzog Fox & Neeman has advised and assisted many foreign financial institutions and securities firms in their dealings with the Bank of Israel, the Tel Aviv Stock Exchange (TASE), the Israel Securities Authority (ISA), the Capital Markets, Insurance and Savings Authority, the Israel Competition Authority and the Israel Money Laundering and Terror Financing prohibition Authority.
Herzog Fox & Neeman has advised numerous foreign banks in connection with obtaining licences and permits from the Bank of Israel, and has assisted investors in obtaining the necessary permits from the Bank of Israel to acquire “means of control” in Israeli banking entities, Insurance Companies and other regulated institutions. The firm has assisted foreign securities firms to become members of the TASE or to obtain licences from the ISA to operate as investment advisers or investment marketers. In addition, the firm was instrumental in paving the way for foreign underwriters to operate in Israel, and is the only Israeli firm to have arranged for the licensing of foreign underwriters by the ISA. Recently, in light of the new Israeli financial services regulatory regime, the firm has been involved in structuring financial services activities of foreign financial services companies that are active in Israel.
The Banking and Finance department has been extremely busy advising many foreign banks and financial institutions on financing in Israel, project financing, and margin lending, as well as with respect to their duties and responsibilities pursuant to new reporting obligations introduced by the Bank of Israel with regard to foreign exchange derivatives and short-term Shekel bonds. The department is also involved in the drafting of special agreements between local participants in the Israeli capital markets, covering arrangements for trading in securities and options, as well as advising local financial institutions on their agreements with global service providers for various financial services. These financial agreements and services include derivatives, securitisations, securities lending and repo transactions, brokerage, custody and more.
Banking Regulation News & Insights
Dear clients and friends, We would like to bring to your attention that on May 20, 2024, the Israeli Securities
Published for public comments: Draft Directive for Payment Companies Regarding Ancillary Services
Dear Clients and Friends, We would like to bring to your attention that on April 18, 2024, the Israeli Securities
Published for Public Comments: Directives for Payment Companies Regarding Corporate Governance, Compliance and Risk Management, and Regarding Outsourcing
Dear Clients, We would like to bring to your attention that in a document published on the Israel Securities
Small and Medium-Sized Corporations Financing Channels for Market Consultation
Dear Clients and Friends, We would like to bring to your attention that on 31 January, 2024, the Israeli Securities
A proposed directive for payment companies regarding the safeguarding of customers’ funds was published for public comments
Our team is looking forward to 2024, and we are confident that our new partners, the majority of whom are
We are happy to introduce our new partners
We are delighted to announce that in this year’s BDICode ranking, we are ranked in the top-tier in no less
Herzog is ranked by BDi Code as the top tier in 38 practice areas for 2023
The Bank of Israel has issued a framework providing international payment service providers access to regulated payment systems in Israel
International payment service providers are provided access to Israeli payments systems
Dear clients, The Israel Securities Authority (the “ISA’) published a Q&A (the “Q&A”), following the publication of an updated circular
News for Global Funds Managers
Dear clients and friends, Further to the client update we issued on July 5, 2022, the Israel Securities Authority (hereinafter:
The Directive for Fund Managers and Large Licensees regarding the Integration of ESG Considerations into Investment Decision-Making or Risk Management Processes
Happy Holidays! Wishing you and your loved ones health and happiness in the new year. May 2023 be an extraordinary
Happy Holidays !
Another significant step towards opening the Israeli capital market to the largest and most professional asset managers in the world!
The ISA Published a Suggested List of Stock Exchanges that meet the Criteria for ETFs Dual Listing on the Tel Aviv Stock Exchange
Irit Roth
Partner
Banking & Finance, Banking Regulation, Corporate Finance, Derivatives & Structured Products, Financial Regulation, Insolvency & Restructuring, Mergers & Acquisitions
Keren Porter-Geffen
Partner
Banking & Finance, Banking Regulation, Derivatives & Structured Products
Natalie Jacobs
Partner
Banking & Finance, Banking Regulation, Corporate Finance, Derivatives & Structured Products
Roy Nachimzon
Partner
Banking & Finance, Banking Regulation, Corporate Finance, Derivatives & Structured Products, Insolvency & Restructuring, Real Estate Finance
Adina Rabinowicz
Partner
Banking & Finance, Banking Regulation, Corporate, Corporate Finance, Mergers & Acquisitions
Ben Kanter
Partner
Banking & Finance, Banking Regulation, Corporate Finance, Insolvency & Restructuring, Mergers & Acquisitions
Esti Hadar
Partner
Banking & Finance, Banking Regulation, Corporate Finance, Derivatives & Structured Products
Neta Dorfman-Raviv
Partner
Banking & Finance, Banking Regulation, Financial Regulation, Insurance, Mergers & Acquisitions
Yaniv Grossman
Partner
Banking & Finance, Banking Regulation, Commercial, Corporate Finance, Real Estate Finance
Alan Sacks
Of Counsel
Banking & Finance, Banking Regulation, Corporate, Corporate Finance, Derivatives & Structured Products, Insolvency & Restructuring, Mergers & Acquisitions
Matan Amoyal
Associate
Banking & Finance, Banking Regulation, Capital Markets & Securities, Corporate Finance, Derivatives & Structured Products
Shahar Shwartzman
Associate
Banking & Finance, Banking Regulation, Commercial, Intellectual Property
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