Executives of Israel's retail banks also issued warnings to the government based on their observations of movement of money outside of Israel following the reform's announcement. According to news reports, "Bank Hapoalim CEO Dov Kotler told Netanyahu that banks have started to see an outflow of funds in recent days, with various savings accounts being moved from Israel abroad. Israel Discount Bank CEO Uri Levin said: 'It's impossible to ignore all the economic figures expressing so much concern over the moves, and therefore you need to stop immediately and only advance changes cautiously and with broad agreement.
