Turkish watchdog cuts banks’ forex to capital ratio limit
3:23 am Saturday, December 10th, 2022
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according to a regulation published in the country’s official gazette on Saturday.
The amendment takes effect on January 9, it said.
The regulation was last amended in 2014 when it was set at a maximum of 20%, the Anadolu state news agency reported.
(Reporting by Ezgi Erkoyun; editing by Jason Neely)
