Topic: Financial institutions

The 2008 financial crisis revealed major flaws in capital frameworks - too much variability, underestimated risk, and weak comparability. Basel 3.1 tackles these issues head-on with tougher standardized approaches, stricter limits on internal models and an output floor to ensure reliable risk-weighted assets.

The new judiciary package presented to the TBMM brings new regulations to crypto assets.

The global money laundering and terrorist financing watchdog and intergovernmental body FATF published new requirements for cross-border payments and virtual asset transfers.

Proprietary trading in Türkiye is less recognized compared to some other regions around the world.

The Turkish Capital Markets Board’s new amendments in the Guide on Investment regulates the principles for funds with the “participation” word in their title, on obtaining services from an advisory board for these funds.

As the legal systems worldwide struggle to keep up to pace with the rapid evolution in digital services, jurisdictions have initiated regulatory measures.

The Capital Markets Board of Türkiye published its amendments to the principles regarding Venture Capital Investment Funds.

The Capital Markets Board (CMB) unveiled a significant regulatory framework for crypto asset trading platforms.

Some of the monetary limits with respect to customer identification requirements and wire transfer limitations are increased to be effective as of February 1, 2023.

The Banking Regulatory and Supervisory Authority’s decision in Turkey, dated July 7th, 2022 and numbered 10265, regarding the restrictions on commercial loans denominated in TRY has been amended by the BRSA’s new decision dated October 21st, 2022 and numbered 10389.