LIBOR’s end is also likely to disrupt new foreign loans into emerging markets until new measures and practices are adopted by the relevant market participants.
Inside Turkey blog
Legal developments around Turkey
Topic: Financial-institutionsSubscribe to Financial-institutions
Equator principles 4 enter into force - how does this impact EPFIs and others?
Version 4 of the Equator Principles (EP4) will come into force on 1 October 2020. EP4 heralds several changes that will impact lenders and borrowers involved in project finance.
Webinar recording: Brexit: Where have we got to and what should you do now?
Join Norton Rose Fulbright’s Financial services: Regulation tomorrow team for the latest in their series focusing on Brexit.
COVID-19 measures in the Turkish financial sector: Deadline extension for reporting requirements
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.
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.