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ARTICLE · 19 JULY 2021

BRSA To Focus On Troubled Assets

Esin Attorney Partnership
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The Banking Regulation and Supervision Agency (the "BRSA") made amendments to the Regulation on Credit Transactions of Banks (the "Credit Transactions Regulation")...

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Zeki Nizam Cebe
Zeki Nizam Cebe
İdil Yıldırım
İdil Yıldırım
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New Development

The Banking Regulation and Supervision Agency (the "BRSA") made amendments to the Regulation on Credit Transactions of Banks (the "Credit Transactions Regulation") on July 8, 2021 with a view to, among others, regulating the troubled assets (the "Amendment").

What's New?

Resolution of Troubled Assets

The fundamental aim of the Amendment is to introduce concept of the "resolution of troubled assets" mechanism within the scope of the Credit Transactions Regulation.

With a view to resolving troubled assets, banks will conduct management and mitigation activities for loans qualified as restructured and non-performing in accordance with the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside for These Loans.

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