Banking and Finance consultant in Turkey is regarded one of the key players in doing business. Banking and finance consultant in Turkey should have a speciality in a wide variety of matters including secure transaction methods, financial technologies, the right to data privacy, the prevention of cybercrimes. Thus, banking and finance are strictly regulated by lawmakers in Turkey.
With regard to the advantages of investing in Turkey, take a look at one of our the most reads articles on Is Turkey Safe for Investment: Six Advantages to Grow Your Business in Turkey for 2023 and Beyond
What is the meaning of banking and finance consultant in Turkey?
It is helpful to underscore that the meaning of banking and finance consultant in Turkey implies a person who is capable of absorbing all existing financial metrics about his|her business and improving high-level strategies dedicated to increasing performance for emerging investment options. Particularly Turkish business lawyers is regarded as having such expertise in Turkey.
What is the importance of banking and finance consultant in Turkey to understand banking legal framework?
It is undisputed that Banking Law (Numbered 5411) has been at the heart of banking and finance in Turkey. Article 1 sets forth the main objective of the said Law. Its main purpose is ‘to regulate the principles and procedures of ensuring confidence and stability in financial markets, the efficient functioning of the credit system and the protection of the rights and interests of depositors’. Especially Part VII regulates key legal obligations on bankers including confidentiality, protection of reputation, ethical principles, customer rights.
What is the significance of banking and finance consultant in Turkey to absorb Turkish banking authorities?
It is signicant to udnerline that Banking Regulation and Supervision Agency has central mandates to ensure the compliance of the banking system in line with the Banking Law applicable in Turkey. Under Article 93 of the Banking Law, the Agency is granted certain powers for the implementation of the Banking Law. First part of the Article in question reads as follows: ‘To regulate, enforce and ensure the implementation of the establishment, activities, management and organizational structure, merger, disintegration, change of shares and liquidation of banks and financial holding companies and with the reservation of the provisions of other laws and the related regulation, financial leasing, factoring and consumer financing companies, and monitor and supervise enforcement of such’.
What are the most updated news on the Turkish banking system for any banking and finance consultant in Turkey?
It is fundamental to emphasize at this juncture that banking and finance regulatory system is continously reviewed, revised and amended by competent national authorities. The most important progress is about the inclusion of FinTech norms into legal system. Such revisions aims at the advancement of electronic banking system and electronic monetary tools. Indeed, regulatory banking ecosystem has been evolved. In this context, it is noteworthy stressing that the digital participation banking system was adopted by Turkey. Secondly, a Digital Wallet Era in Turkey was started in Turkey. Thirdly, the 2024 New Electronic Submission System for Turkish Capital Markets was instituted by the Turkish Capital Markets Board.In line with the 2024 FATF Decision on Turkey, as a fourth step, the Law Numbered 7518 on Amendments to the Capital Markets Law Numbered 6362 was passed by the Parliament. The Law Numbered 7518 is named as Crypto Law of Turkey and entered into force following its publication in the Official Gazette dated July 2, 2024. Fiftly, the first decision on the 2024 Announcement for the Rejected Crypto Asset Platforms was delivered by the Board dated 23 August 2024.Last but not least, the Resolution by Turkish Capital Markets dated 19 September 2024 was published particularly in relation to the legal status of NFTs and P2Ps in Turkey.
You can also find more information about how the Turkish Capital Markets work in Turkey from our article on
Turkish Capital Markets Law 2024
See also Enforcement and Bankruptcy Law in Turkey
What is the role of banking and finance consultant in Turkey working within the framework of Pi Legal Consultancy?
Our assistance contains, inter alia, as follows:
- declaration of bankruptcy together with following procedures such as re-organization,
- financial restructuring,
- loans and credit facilities,
- real estate finance,
- standards, principles and legal requirements of international financing including Islamic banking.
What is the role of banking and finance consultant in Turkey?
Based on a detailed overview of our client profiles, our service quality, the satisfying nature of our articles and papers together with our marketing and branding efforts, we have been recently chosen by the London-based Prestige Awards Group as the international law firm of 2022 – 2023.
Currently, we provide legal and business consultancy to leading French, British, Canadian, USA, Israel, Switzerland, Denmark, Norway, Kuwait companies and Kuwait Ministry of Health.
We have also created a great collaboration with the Embassy and Istanbul Consulate General of Saudi Arabia.
Our English-speaking lawyers play a profound role in helping the organization and realization of investment projects of foreign entrepreneurs.
Ensure your IT contracts and data protection policies meet legal standards with the help of an information technology lawyer.
Our Relevant Articles
All our articles and papers on emerging legal challenges for this area together with their fully fledged solutions are available online here.
- FinTech Guide
- Banking and Finance Law in Turkey
- The Right to Data Privacy and Respect for Private Life
- Digital Wallet Era in Turkey
- Increase in Monetary Threshold of Initial Public Offerings 2024 for Turkey
- New Turkish Crypto Law 2024
- 2024 New Electronic Submission System for Turkish Capital Markets
- Financial Analyses of Companies for Investment
- The 2024 FATF Decision on Türkiye
- The 2024 Turkish Crypto Law Enters into Force
- The 2024 Final Draft Crypto Bill is Ready for the Adoption
- The 2024 Announcement for the Rejected Crypto Asset Platforms
- 2024 Legal Status of NFTs and P2P in Turkey
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