(32) With the help of BRSA
's macroprudential measures, Turkey could control the rapid credit growth rate resulting from the surge of capital flows in the aftermath of the GFC.
Completion of the transaction is subject to regulatory approvals including approval by the BRSA
and other customary closing conditions.
In 2000, the Banking Regulation and Supervision Agency (BRSA
) was established and it started to operate in order to improve the effectiveness of regulations and supervisions and to establish an independent body as the sole authority of the banking sector (BRSA
Turkiye ve Uluslararasi Hisse Senedi Piyasalan Arasindaki Esbutunlesme iliskisi ve Portfoy Tercihleri, BRSA
Bankacilik ve Finansal Piyasalar Journal, 2(1): 59-84.
The Banking Regulation and Supervision Agency (BRSA
) has administrative and financial autonomy, helping to fulfill its duties under its commission.
To stem any possible gutting of the domestic banks' capital base, the Banking Regulation and Supervision Agency (BRSA
) began authorising all banks' distributions of earnings to shareholders in 2009.
It is a subsidiary of Bank Audi, which, in 2012, was granted the first banking licence in the country for 15 years by the BRSA
[BDDK] (Banking Regulation and Supervision Agency [Bankacilik DE-zenleme ve Denetleme Kurumu]).
In 2011, for example, the BRSA
adopted a loan-to-value regulation on mortgages in order to limit rapid credit expansion stemming from growth in consumer loans.
Emisora tenga un Balance de Responsabilidad Social y Ambiental (BRSA
The Central Bank of Turkey, the Capital Markets Board (CMB) and the Banking Regulation and Supervision Agency (BRSA
) will all be based on the site, alongside major Turkish banks.
This would imply that the banking watchdog BRSA
would keep a close eye on the loans and would step in if the improvements lose pace or if they are reversed.
The slowdown in credit growth has become more pronounced with the measures taken by the BRSA
as of mid-2011.