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      Archive: 5/19/2013

      News Brief

        5/19/2013, Sivan 10, 5773

      Lapid and Fischer Appoint Debt Erasure Committee

      Finance Minister Yair Lapid  and Bank of Israel Governor Stanley Fischer have appointed a Treasury National Debt Erasure Committee led by CEO Yael Anduran that will provide its professional recommendations on the following issues:

      1. Debt erasure criteria with credit implications;

      2. Approval regulations for debt erasure, addressing possible conflict of interest;

      3. Possible imposition of limitations on corporate owners or companies undergoing bankruptcy and debt erasure;

      4. Full public disclosure of instances of debt erasure.