Netanyahu: We distinguish ourselves from our neighbors by denouncing murders in our midst (Haaretz)
Labor court orders Jerusalem light rail operators to return to work (Haaretz)
2 Turkish security personnel killed, 24 wounded by Kurdish suicide bomb in eastern Turkey (Reuters)
Iran oil minister expects to raise production to 500,000 barrels per day post sanctions (DPA)
Jerusalem light rail conductors striking over new train schedule (Haaretz)
No change in medical status among Jerusalem Gay Pride stabbing victims (Haaretz)
Peru forces rescue 54 adults and children held captive by Shining Path (AP)
- 4:10 AM
- 2:39 AM
3 shooting victims breach Israeli border from Egypt, rushed to Be'er Sheva hospital (Haaretz)
- 10:41 PM
Education Minister Bennett cancels planned appearance at LGBT rally in Tel Aviv (Haaretz)
U.S.-led coalition conducts 11 airstrikes in Syria, 19 in Iraq against ISIS targets (Reuters)
- 9:45 PM
No funds? Sorry, you can't chair the bank
A new directive from the Bank of Israel's Supervisor of Banks requires a bank's board chairman to be financially well-off. This requirement aims to prevent someone who is riddled with debt or other economic problems from serving as chairman, thereby avoiding potential conflicts of interest due to one's financial situation.
A new directive from the Bank of Israel's Supervisor of Banks, Yoav Lehman, requires a bank's board chairman to be financially well-off.
This requirement aims to prevent someone who is riddled with debt or other economic problems from serving as chairman, thereby avoiding potential conflicts of interest due to one's financial situation.
The directive was applied for the first time several months ago, when attorney Yehoshua Rosenzweig was appointed to chair the board of First International Bank of Israel Rosenzweig was asked by Lehman to present a statement of his financial worth and explain the source of his wealth as a condition for winning approval for the appointment.
"The central bank's supervisory body recently defined a questionnaire to be used in the process of approving bank appointments," Lehman said. "It is based on a questionnaire from the British FSA [Financial Services Authority] on this subject. The questionnaire includes questions regarding the candidate's education, business and professional experience, the absence of criminal or economic convictions, as well as very general data on his financial situation. This is intended to prevent a bankrupt or near-bankrupt person from serving in such a sensitive position."