Recent Developments
With its decision No. 10248 dated June 23, 2022, the Banking
Regulatory and Supervisory Authority (the
"BRSA") has taken a measure discouraging
derivative transactions of the non-financial institution residents
in Turkey with non-residents.
What's new?
Prior to the new measure, the risk weighting applied for the
calculation of the capital adequacy for commercial cash loans
varied between 20% and 150%, depending on the loan customer's
rating, regardless of whether the customer has carried out
derivative transactions with non-residents. Pursuant to the
BRSA's decision No. 10188 dated April, 28 2022, with several
exceptions, this ratio, which was applied for the calculation of
the capital adequacy for commercial cash loans, was increased to
200%.
