It is important to advance the law, with the aim of enabling the removal of barriers to the development of the securitization market in Israel, which will in turn increase competition in the credit market while maintaining financial stability. This should be done by establishing the appropriate legal, taxation, regulatory, and accounting framework for executing only traditional securitization transactions in Israel.
I emphasize that the risks in this market are known, and they are addressed in the recommendations of the interministerial team that dealt with the issue.