Thursday July 31 2014
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: Israel
Link: http://www.tase.co.il/Eng/NewsandEvents/PRArchive/2014/Pages/PR_20140707.aspx
The Tel Aviv Stock Exchange (TASE) Board of Directors approved a series of decisions designed to consolidate the risk management framework employed in the TASE group. The approved measures will strengthen the group’s ability to identify and respond to risks inherent in TASE’s activity and business environment in real time and will conform to requisite international standards and best practices.
The global benchmark led to the following decisions:
- An over-all risk management policy, incorporating all TASE group companies was approved.
- The Board of Directors will establish a board risk management committee.
- The TASE management was authorized to submit a proposed working framework for the committee, which articulates the committee’s authority and responsibilities.
Click link above for further details.