It is clearly laid out in the Central Bank’s mission statement and regulatory mandate that it was set up to provide a high level of consumer and investor protection. This was reiterated multiple times by Gabriel Makhlouf as the regulator’s governor and other senior colleagues were before the finance committee last week to answer questions about its role in facilitating the sale of Israeli bonds. Under rules from Brussels, non-EU countries need to get their prospectus approved by a competent authority in a member state to offer bonds to the public across the bloc. The Development Corporation for Israel —…
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