With its decision dated April 2, 2020, the Banking Regulatory and Supervision Agency (the “BRSA”) extended the deadlines applicable to certain reporting or notification requirements by 60 days.
Inside Turkey blog
Legal developments around Turkey
Topic: Financial-institutionsSubscribe to Financial-institutions
Global tax authorities are non-cryptic about increasing scrutiny in cryptocurrency industry; the Tax Man is here and he means business
The goal of the J5 is to increase collaboration in the fight against international tax crime and transnational money laundering.
DFC replaces OPIC
The Overseas Private Investment Corporation changed in January into the United States Development Finance Corporation.
Turkish Capital Markets Authority Moves to Remove Privileges in Loss-Making Companies
The Turkish Capital Markets Board is authorized to revoke voting privileges and privileges to appoint members of the board of directors in public companies, which have losses for five consecutive years.
BiGa digital gold: Blockchain-based, physically-backed gold transfer infrastructure developed by Takasbank
Istanbul Clearing, Settlement and Custody Bank (“Takasbank”) has been working on a new transfer infrastructure platform called BiGa
Equator principles: Version 4
Norton Rose Fulbright has advised the Equator Principles Association (EPA) as counsel for the legal review of the fourth Equator Principles (EP4), published today.
Blockchain dispute risks for banks
As applications of distributed ledger technology (DLT) move into the mainstream, financial institutions involved in those applications will find themselves exposed to new types of risks.
Transitioning from brown to green: the use of transition bonds and green bonds, and sustainability-linked financing in agribusiness
Two of the most pressing issues currently facing our planet are rising carbon emissions and increasing global food demand.
Turkish Ministry of Treasury and Finance brings new amendments to foreign exchange legislation
On September 13, 2018, the Turkish Presidential Decree No. 85 (the "Presidential Decree") amending the Decree No. 32 on the Protection of the Value of the Turkish Currency (the “Decree No. 32”) was published in
Foreign currency debt – The slide of the Turkish Lira
Lenders with foreign hard currency loans like US Dollar and Euro to Turkish borrowers (both financial institutions and corporates) need to pay close attention to the economic and political situation in Turkey.