He Ru Follow us: Make a7 your Homepage
      Free Daily Israel Report
      Archive: 6/11/2012
      12:42
      Reported

      News Brief

        6/11/2012, Sivan 21, 5772

      Committee Approves Financial 'Haircut' Law


      The Knesset Constitution, Law and Justice Committee approved, Monday, a bill which is intended to serve the public interest by requiring a court-appointed inspector to make sure financial institutions that manage pension savings of the public do not agree to debt arrangements serving the purposes of leveraged financiers at the expense of savers' interest.

      The bill now goes to the Knesset for its second and third readings before the end of the summer session.