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.

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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...