Israel’s markets watchdog said on Monday the authority would make regulatory changes to adapt to technological innovations such as digital markets.
“The implication is that these platforms will provide a complete digital value chain for investors, from the underwriting stage to settlement and custodial services,” Anat Guetta, chairwoman of Israel Securities Authority (ISA), said at the ISA’s annual conference.
One benefit of digital markets, Guetta said, would be that anyone could open a digital account for remote trading based on technologies such as facial recognition.
“Users can access digital investment advice for any investment amount, investment vehicle, or market, at any time and from anywhere,” she said, adding the ISA is already working with financial technology firms on this initiative.
Read the article in IT News.