crowl
Uploaded by
10 SLIDES
117 VUES
100LIKES

Turkish Capital Markets Association Overview

DESCRIPTION

Learn about The Association of Capital Market Intermediary Institutions in Turkey, regulatory structure, international cooperation, foreign investment interest, new products, and technical infrastructure.

1 / 10

Télécharger la présentation

Turkish Capital Markets Association Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TSPAKB THE ASSOCIATION OF CAPITAL MARKET INTERMEDIARY INSTITUTIONS OF TURKEY TURKISHCAPITAL MARKETSDEIK/Turkish-US Business CouncilAnnual Investment Conference: “Turkey Beyond 2008” “2008 Outlook: Economic and Regulatory Environment” Roundtable DiscussionsMarch 2008

  2. The Association of Capital Market Intermediary Institutions • Founded in April 2001. • It is a self-regulatory professional organization in the Turkish capital markets. • The Association currently has 145 members, of which 104 are brokerage houses and 41 are banks.

  3. Regulatory Structure Background • Capital Market Law passed in 1981 • Capital Markets Board founded in 1982 • CMB: First independent regulatory body • Capital marketsregulatory structure based on US experience

  4. Current Regulatory Structure • International standards adopted • Strong regulatory infrastructure: • Disclosure requirements • Accounting standards • Capital adequacy • Supervision

  5. European Union Harmonization • CMB twinning project with Germany • Major regulations reviewed: • Prospectus, UCITS, Transparency,Investor Protection, Markets in Financial Instruments, Capital Adequacy, Market Abuse, Takeovers

  6. Technical Infrastructure • Strong technical infrastructure: • Electronic Trading • Clearing, Settlement, Custody • Central Registry Agency • Electronic Disclosure • Information Dissemination

  7. Foreign Investment Interest • Strong interest for the financial industry. • Foreign institutions have controlling stakes in 26 brokerage firms. • Major international financial institutions, law offices, consultancy/audit firms, rating institutions operate in Turkey.

  8. New Products • Single-stock futures, • Options • Warrants • Corporate bonds • Mortgage instruments

  9. International Cooperation • CMB has close relations with International Organization of Securities Commissions (IOSCO). • Our Association is member of the International Council of Securities Associations (ICSA).  

  10. The Association of Capital Market Intermediary Institutions of TurkeyBuyukdere Cad. No:1731. Levent Plaza A Blok Kat:41. Levent 34394 IstanbulTel: (90) 212 – 280 85 67Fax: (90) 212 – 280 85 89tspakb@tspakb.org.trwww.tspakb.org.tr

More Related