English Abstract: According to the Public Interest Theory, the objective of regulation is for the purpose of … circumstances, public pressure can overcome regulatory failures and result in regulation fashioned to suit the interests of the … public. A case that well illustrates this issue is the Bank Fees Reform that took place in Israel in 2007, and led to the …

English Abstract: The linguistic complexity of the banking contracts creates informational inequality between the bank …="ltr">In order to protect the customer, it is proposed to impose a broad legal liability on the bank. This liability includes the … repercussions.</p><p dir="ltr">The justification for imposing such a broad responsibility on the bank lies in the perception of the …

English Abstract: Banking (Service to Customer) Law 1981, is one of the cardinal Israeli laws that regulate the bank …-customer relationship. The Law was enacted in order to provide customers with an effective protection against the bank, due to the disparity … the bank a Fiduciary Duty. This vacuum was filled by the Israeli courts, which imposed on the banks a broad fiduciary duty …

English Abstract: Under Israeli Law, the bank is subject to a wide fiduciary duty vis-a-vis its customers‏.</p><p dir …="ltr">By virtue of the fiduciary duty, the bank must protect the interest of the customer. Moreover, the bank must prefer the … interests of the customer over any other interest, including those of the bank itself‏.</p><p dir="ltr">However, the fiduciary …

fear that the bank could exploit its power to the detriment of the customer.</p><p dir="ltr">The article examines the …

-banking financial entities has been increasing. Such a sale constitutes an assignment of the bank's rights under the loan contracts … not subject to the same regulatory restrictions and the same level of supervision as those applicable to the selling bank …. This concern intensifies in light of the bank's fiduciary duty (under Israeli law), which obliges the bank to protect the …