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Banking Regulations

In: Business and Management

Submitted By herseyimlebenim
Words 316
Pages 2

Regulation and supervision of the banking sector after 1999 for the establishment of a single independent supervisory and regulatory authority has decided. The main aim is to increase the effectiveness of regulation and supervision and the creation of an independent decision-making. As a result of these developments, Banking Regulation and Supervision Agency (BRSA) was set up with the Banking Law 4389 in 1999 and started its activities in August 2000. Thus, BRSA has so many duties and responbilities.Most of the primarily duties are;

* Organize and supervise the relevant international principles and standards that are employed by the industry or field line to make secondary legislation and take decisions about relevant industry.

* The institution's strategic plan, performance measures, goals and objectives, set standards for service quality, human resources and work to create policies and make suggestion.

* Prepared in accordance with the aims and objectives of instution’s strategic plan.

* Approve the organization's performance and financial status reports.

* Assign to deputy managing directors and head of departments in accordince with chairman’s proposal.

* Discuss and adopt the recommendations about real estate purchasing,selling and leasing issues.

* To fulfill other duties assigned thereto by laws.

Also,BRSA has a lot of diversification supervised about bank and non-bank financial instutions.We can list they instutions at the below; * BANKS
1. Commercial Banks
1.a. State-Owned Commercial Banks
1.b. Domestically-Owned Commercial Banks
1.c. Foreign-Owned Commercial Banks
1.c.i. Established in Turkey
1.c.ii. Opened Up Branch in Turkey
2. Development and Investment Banks

2.a. State-Owned Development and Investment Banks

2.b. Domestically-Owned...

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