JERUSALEM, Feb 8 (Reuters) - Israel's banking regulator
Yair Avidan will step down in June after three years on the job,
the Bank of Israel said on Wednesday.
The central bank said that Deputy Governor Andrew Abir will
head a search committee for his successor.
Avidan, 63, did not give a specific reason for ending his
tenure two years before his term was due end. He noted in a
statement that he took the post in 2020 after he had already
retired.
"I took the position ... out of a sense of mission and a
desire to devote a number of years to meaningful public and
social work that will come to an end in a few months," he said.
Avidan has worked in Israel's banking system for more than
30 years. He took over as Supervisor of Banks at the outset of
the coronavirus pandemic and helped to weather the crisis by
easing capital and other requirements for banks while
temporarily halting dividend payouts.
He also helped establish a new digital bank that has begun
operations and approved the licence for a second digital bank by
reducing entry barriers to the banking industry.
(Reporting by Steven Scheer
Editing by Ari Rabinovitch)
Messaging: steven.scheer.thomsonreuters.com@reuters.net;
Twitter: @StevenMScheer))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.