News Briefs

  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.