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BRSA |
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The BRSA eliminated some 21 insolvent banks, while public banks began offering market interest rates, helping Turkey's major private banks that are more financially sound to increase market share on foreign exchange as well as local currency deposits. During 2000, the BRSA is expected to issue new accounting standards for financial disclosure, adopt capital adequacy standards addressing market risk, and establish improved internal risk management requirements. On January 31, 2003, the BRSA announced that it reached an agreement with the Cukurova Group, the controlling shareholder of Pamukbank. |
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