Beisky Commission

The Beisky Commission was a National Commission of Inquiry established by the Israeli government on January 7, 1985. Headed by State Comptroller Moshe Beisky, its remit was to examine events surrounding the , which led to a financial crisis and the nationalization 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, resigned; Ernst Jephet of Bank Leumi 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.

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