Banking Regulation And Supervision Agency (Turkey)
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Banking Regulation And Supervision Agency (Turkey)
The Banking Regulation and Supervision Agency (BRSA; ) is an independent agency in Turkey whose task is to regulate and supervise the banking system in the country. It aims to "provid reliability and stability in financial markets", "ensur the efficient running of the credit system", and protect consumer rights. Since June 2023, Şahap Kavcıoğlu serves as its chairman. See also * Central Bank of the Republic of Turkey The Central Bank of the Republic of Türkiye (CBRT) () is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes ... References External links Official Website: Banking Regulation and Supervision Agency 1999 establishments in Turkey Bank regulation Regulatory and supervisory agencies of Turkey {{Asia-gov-stub ...
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ÅžiÅŸli
ÅžiÅŸli () is a municipality and Districts of Turkey, district of Istanbul Province, Istanbul Province, Turkey. Its area is 10 km2, and its population is 276,528 (2022). Located on the European side of the city, it is bordered by BeÅŸiktaÅŸ to the east, Sarıyer to the north, Eyüp and Kağıthane to the west, and BeyoÄŸlu to the south. It is also the name of a specific area of ÅžiÅŸli district centered on the ÅžiÅŸli Mosque, SiÅŸli Mosque. History Until the 1800s, ÅžiÅŸli was open countryside, used for hunting, agriculture and leisure. It was developed as a middle class residential district during the last years of the Ottoman Empire and the early years of the Turkey, Turkish Republic (the late 19th-early 20th centuries). French culture was an important influence in this period and the wide avenues of ÅžiÅŸli were lined with large stone buildings with high ceilings and Art Nouveau wrought-iron balconies, which often had little elevators on wires in the middle of the stairwa ...
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Istanbul
Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics of Turkey, population of Turkey. Istanbul is among the List of European cities by population within city limits, largest cities in Europe and List of cities proper by population, in the world by population. It is a city on two continents; about two-thirds of its population live in Europe and the rest in Asia. Istanbul straddles the Bosphorus—one of the world's busiest waterways—in northwestern Turkey, between the Sea of Marmara and the Black Sea. Its area of is coterminous with Istanbul Province. Istanbul's climate is Mediterranean climate, Mediterranean. The city now known as Istanbul developed to become one of the most significant cities in history. Byzantium was founded on the Sarayburnu promontory by Greek colonisation, Greek col ...
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Turkey
Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west. Turkey is home to over 85 million people; most are ethnic Turkish people, Turks, while ethnic Kurds in Turkey, Kurds are the Minorities in Turkey, largest ethnic minority. Officially Secularism in Turkey, a secular state, Turkey has Islam in Turkey, a Muslim-majority population. Ankara is Turkey's capital and second-largest city. Istanbul is its largest city and economic center. Other major cities include İzmir, Bursa, and Antalya. First inhabited by modern humans during the Late Paleolithic, present-day Turkey was home to List of ancient peoples of Anatolia, various ancient peoples. The Hattians ...
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Şahap Kavcıoğlu
Şahap Kavcıoğlu (born 23 May 1967) is a Turkish banker and politician. He was a Member of the Grand National Assembly of Turkey for the Justice and Development Party (AKP) and was the Governor of the Central Bank of the Republic of Turkey from 2021 to 2023. He is also a contributor to the newspaper ''Yeni Safak'' and is described as a supporter of the economic policies of Recep Tayyip Erdoğan. Education He graduated in economics at the Dokuz Eylül University and followed up on his studies at the Istanbul University obtaining a degree as an Audit Specialist. He studied Business Administration at Hasting's College in England. In 2003, he earned a Ph.D from the Banking and Insurance Institute of the Marmara University. Professional career Beginning in 1991, he served during nine years in several positions as well as an Assistant General Manager at Esbank. According to his LinkedIn page, from 2003 onwards Kavcıoğlu served as a regional coordinator for two years and a ...
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Independent Regulatory Agencies In Turkey
Independent regulatory agencies in Turkey are public authorities within the executive branch of the state that are autonomous from the government or any other bodies. They constitute service-based (as opposed to geographical) decentralized administration in terms of the Turkish constitution. Independent regulatory agencies represent a historically unfamiliar mode of governance in Turkey whose tradition of public administration favors a strong and centralized state with a preference of market intervention. The waves of liberalization and privatization measures taken following the 1980 coup d'etat, the conditionalities imposed by the European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ... and the economic crises during the 1990s and early 2000s provided the necessary momen ...
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Wayback Machine
The Wayback Machine is a digital archive of the World Wide Web founded by Internet Archive, an American nonprofit organization based in San Francisco, California. Launched for public access in 2001, the service allows users to go "back in time" to see how websites looked in the past. Founders Brewster Kahle and Bruce Gilliat developed the Wayback Machine to provide "universal access to all knowledge" by preserving archived copies of defunct web pages. The Wayback Machine's earliest archives go back at least to 1995, and by the end of 2009, more than 38.2 billion webpages had been saved. As of November 2024, the Wayback Machine has archived more than 916 billion web pages and well over 100 petabytes of data. History The Internet Archive has been archiving cached web pages since at least 1995. One of the earliest known pages was archived on May 8, 1995. Internet Archive founders Brewster Kahle and Bruce Gilliat launched the Wayback Machine in San Francisco, California ...
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Central Bank Of The Republic Of Turkey
The Central Bank of the Republic of Türkiye (CBRT) () is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country. The CBRT is tasked by law to achieve and maintain price and financial stability in Turkey, and has a mandate to use, by its own discretion, whichever policy instrument at its disposal to reach these objectives. Therefore, it has instrument but not goal independence. Since 2006, the CBRT follows a full-fledged inflation targeting regime.Central Bank of the Republic of Turkey Factsheet
, CBRT Official Website, 2012.


History of central banking in Turkey


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1999 Establishments In Turkey
1999 was designated as the International Year of Older Persons. Events January * January 1 – The euro currency is established and the European Central Bank assumes its full powers. * January 3 – The Mars Polar Lander is launched by NASA. * January 25 – The 6.2 Colombia earthquake hits western Colombia, killing at least 1,900 people. February * February 7 – Abdullah II inherits the throne of Jordan, following the death of his father King Hussein. * February 11 – Pluto moves along its eccentric orbit further from the Sun than Neptune. It had been nearer than Neptune since 1979, and will become again in 2231. * February 12 – U.S. President Bill Clinton is acquitted in impeachment proceedings in the United States Senate. * February 16 ** In Uzbekistan, an apparent assassination attempt against President Islam Karimov takes place at government headquarters. ** Across Europe, Kurdish protestors take over embassies and hold hostages ...
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Bank Regulation
Banking regulation and supervision refers to a form of financial regulation which subjects banks to certain requirements, restrictions and guidelines, enforced by a financial regulatory authority generally referred to as banking supervisor, with semantic variations across jurisdictions. By and large, banking regulation and supervision aims at ensuring that banks are safe and sound and at fostering market transparency between banks and the individuals and corporations with whom they conduct business. Its main component is prudential regulation and supervision whose aim is to ensure that banks are viable and resilient ("safe and sound") so as to reduce the likelihood and impact of bank failures that may trigger systemic risk. Prudential regulation and supervision requires banks to control risks and hold adequate capital as defined by capital requirements, liquidity requirements, the imposition of concentration risk (or large exposures) limits, and related reporting and public di ...
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