The Bejski Commission () was a National Commission of Inquiry established by the

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

i government on January 7, 1985. Headed by the Supreme Court justice

Moshe Bejski Moshe Bejski (; 29 December 1921 – 6 March 2007) was a Polish-born Israeli Supreme Court Justice and President of Yad Vashem's Righteous Among the Nations Commission. After surviving the Holocaust with the help of Oskar Schindler, Bejski imm ...

, its remit was to examine events surrounding the 1983 Tel Aviv stock market crash, which led to a financial crisis and the

nationalization Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with p ...

of most of Israel's major banks. It issued a report on April 16, 1986, which concluded that major Israeli banks had been rigging the price of bank shares over a long period and called for the dismissal or resignation of many of the heads of the Israeli banking system. Moshe Mendlelbaum, then governor of the

Bank of Israel The Bank of Israel (, ) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron. The primary objective of the Bank of Israel is to ...

, resigned; Ernst Jephet of

Bank Leumi Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, ...

retired with a $5 million agreement; Rafael Recanti refused to resign as head of the Discount Bank, threatening to provoke a banking crisis by withdrawing deposits from the Bank of Israel.''Middle East International'', issue 278, page 3. Peretz Kidron.

References

{{reflist Israeli commissions and inquiries