Preparing for the day when Israeli homeowners won't be able to repay their loans
In interview with TheMarker, the Bank of Israel's banking supervisor cautions about a scenariowhere widespread unemployment causes a wave of mortgage defaults.
David Zaken has had his hands full in his two-and-a-half years on the job as Bank of Israel banks supervisor. Not only has he been busy with challenges within the banking system - its exposure to large borrower groups or mortgage portfolios ballooning at a worrying pace - but also with the need to deal with the implications for the system of the cost-of-living protests.
Like us on Facebook and get articles directly in your news feed