Banking Regulation 2015
All QuestionsWhat are the principal governmental and regulatory policies that govern the banking sector?>>🔗
The main policy in the Turkish banking sector is to ensure confidence and stability in financial markets, the efficient functioning of the credit system and the protection of the rights and interests of depositors. The Turkish banking sector, mainly regulated by Banking Law No. 5,411 (the Banking Law) also underscores these policies. The Turkish government pays great attention to the strict monitoring of banks in Turkey, with heavy involvement by the Banking Regulation and Supervision Agency of Turkey (BRSA), which is a public legal entity with administrative and financial autonomy that has supervision over the banks. The BRSA's strategic plan aims to eliminate uncertainties and serves as a guideline with a long-term focus.
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