meta4
In parallel with the arrangements made in the world, Koksal evaluated that there were significant changes in the
Turkic capital market and evaluated the communiqués published by the Capital Markets Board in July.
"We welcome the possibilities for developing intermediary institutions' fields of activity. On the other hand
, the envisaged capital amounts in the regulations seem to be very high compared to similar country examples
and considering the size of our market. The new regulations foresee that the narrow authority vehicle theories will
have a minimum of 2 million Turkish liras (1 million Turkish liras) and a minimum of 25 million Turkish liras (25 million
Turkish liras) of large authorized brokerage firms. In this case, some of our members may continue their activities by
going to capital increase, "The President of TSPAKB emphasized that the minimum capital amounts should be gradually
increased according to the type of activities to be carried out and also stated that the postponement of the effective date
of the regulations was delayed to one year later and that it is important for reevaluation of the matter.
Agenda in the Capital Markets Besides Köksal's messages, the issue of separation of deposit and
investment banking activities envisaged in the new regulatory and reform plans in the US, UK and European Union
is being discussed.
Separation of Deposit and Investment Banking
Following the financial crisis; The reform efforts at the US, UK and EU levels are aimed at protecting banks'
deposit and payment services from volatility in the financial markets. While there are various restrictions on
the capital market activities of banks, the activities that are restricted between countries are different. New laws have
been approved in countries such as the United States, while reforms in other countries are still in the negotiation phase.
The global financial architecture is expected to be shaped only after 2014, as many applications in law or design are left to
secondary regulations.
Reform Studies in the US Provision: Volcker Rule
In the US, the source of the crisis, the Dodd-Frank Act, which restructured the intellectual system and introduced many
innovations to the public, was enacted in July 2010. Volcker is the so-called fcl9 of the law, the bank and its affiliates, and
significant restrictions are placed on venture capital transactions.
With the transition period of 2 years expected to complete the secondary regulations in 2012, the applications were
extended in July 2014. However, the central bank FF.D has the authority to take this history forward as well.
Banking Reform Draft in England Sub-Assembly Submitted
In order to advise on banking reform studies in the UK, the Independent Banking Commission
The Vickers Report, with the name of the Chairman, was published in September 2011. At the same time, it
is emphasized that banks' deposit services should be separated from other investment activities, similar to the
Volcker rule. In the Volcker rule in the US, while bank subsidiaries are subject to restrictions on banks, the Vickers
report predicts that bank affiliates will be able to invest. The Banking Reform Initiative, which adopted the Vickers
recommendations, was submitted to the lower parliament in February 2013. In the draft, the transition to implementation
is planned to be completed by 2019.
Liikanen Report for Banking Reform in the EU Discussed
After the crisis. In February 2012, a Senior Expert Group on the structuring of the banking reform was established,
while EU restructuring efforts (Capital Adequacy Directive, the new EU Bank Rescue and Liquidation Directive, etc.)
continued. The group published the Liikanen report, which was searched with the name of the president, at Kkim 2012.
Raporda is presently offering guidelines or guidelines for Basel, EU and national standards authorities for a more effective
banking sector. Recommendations given to Rapord include deposits and investment banking
In parallel with the arrangements made in the world, Koksal evaluated that there were significant changes in the
Turkic capital market and evaluated the communiqués published by the Capital Markets Board in July.
"We welcome the possibilities for developing intermediary institutions' fields of activity. On the other hand
, the envisaged capital amounts in the regulations seem to be very high compared to similar country examples
and considering the size of our market. The new regulations foresee that the narrow authority vehicle theories will
have a minimum of 2 million Turkish liras (1 million Turkish liras) and a minimum of 25 million Turkish liras (25 million
Turkish liras) of large authorized brokerage firms. In this case, some of our members may continue their activities by
going to capital increase, "The President of TSPAKB emphasized that the minimum capital amounts should be gradually
increased according to the type of activities to be carried out and also stated that the postponement of the effective date
of the regulations was delayed to one year later and that it is important for reevaluation of the matter.
Agenda in the Capital Markets Besides Köksal's messages, the issue of separation of deposit and
investment banking activities envisaged in the new regulatory and reform plans in the US, UK and European Union
is being discussed.
Separation of Deposit and Investment Banking
Following the financial crisis; The reform efforts at the US, UK and EU levels are aimed at protecting banks'
deposit and payment services from volatility in the financial markets. While there are various restrictions on
the capital market activities of banks, the activities that are restricted between countries are different. New laws have
been approved in countries such as the United States, while reforms in other countries are still in the negotiation phase.
The global financial architecture is expected to be shaped only after 2014, as many applications in law or design are left to
secondary regulations.
Reform Studies in the US Provision: Volcker Rule
In the US, the source of the crisis, the Dodd-Frank Act, which restructured the intellectual system and introduced many
innovations to the public, was enacted in July 2010. Volcker is the so-called fcl9 of the law, the bank and its affiliates, and
significant restrictions are placed on venture capital transactions.
With the transition period of 2 years expected to complete the secondary regulations in 2012, the applications were
extended in July 2014. However, the central bank FF.D has the authority to take this history forward as well.
Banking Reform Draft in England Sub-Assembly Submitted
In order to advise on banking reform studies in the UK, the Independent Banking Commission
The Vickers Report, with the name of the Chairman, was published in September 2011. At the same time, it
is emphasized that banks' deposit services should be separated from other investment activities, similar to the
Volcker rule. In the Volcker rule in the US, while bank subsidiaries are subject to restrictions on banks, the Vickers
report predicts that bank affiliates will be able to invest. The Banking Reform Initiative, which adopted the Vickers
recommendations, was submitted to the lower parliament in February 2013. In the draft, the transition to implementation
is planned to be completed by 2019.
Liikanen Report for Banking Reform in the EU Discussed
After the crisis. In February 2012, a Senior Expert Group on the structuring of the banking reform was established,
while EU restructuring efforts (Capital Adequacy Directive, the new EU Bank Rescue and Liquidation Directive, etc.)
continued. The group published the Liikanen report, which was searched with the name of the president, at Kkim 2012.
Raporda is presently offering guidelines or guidelines for Basel, EU and national standards authorities for a more effective
banking sector. Recommendations given to Rapord include deposits and investment banking
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