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ARTICLE · 22 NOVEMBER 2005

Memorandum Regarding Banking Act (Law No. 5411) Part 2

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The Banking Act abolishing and replacing Banks Act (Law No. 4389) (as amended by Laws No. 4491, 4672, 4743, 4842 and 5020) came into force upon publication thereof in the Official Gazette dated November 01, 2005.

TurkeyFinance and Banking
Vural Günal
Vural Günal

12. PROTECTIVE REGULATIONS

12.1. Regulation Authority

The Banking Regulation and Supervision Board is authorized to implement the regulations and take all and any measures required for the determination, analysis, monitor, measurement, and assessment of the relation and balance between "banks’ assets, receivables, own resources, liabilities and commitments, income and expenditures" and of all other factors and risks having and effect on banks’ financial position (which can be imposed limitations or standard ratios).

12.2. Authority to Establish Different Limits

The Banking Regulation and Supervision Board is authorized to impose more "prudent" ratios or limits which are "different" than maximum and minimum standard ratios and limits established for any given bank or bank groups, to alter the "calculation and notification periods" or in general to establish "yet non-established ratios and limits".

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