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Topic: Financial institutions

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Norton Rose Fulbright announces alliance with Pekin Bayar Mizrahi in Turkey

October 22, 2021

Global law firm Norton Rose Fulbright has bolstered its client offering in Turkey by forming a new alliance with leading Turkish firm Pekin Bayar Mizrahi.

Project Finance Newswire: LIBOR end may disrupt emerging market lending

October 14, 2020

The anticipated cessation of LIBOR at the end of 2021 presents an ominous predicament for foreign lending into emerging market economies.

Equator principles 4 enter into force: How does this impact EPFIs and others?

September 30, 2020

Version 4 of the Equator Principles (EP4) will come into force on 1 October 2020.

COVID-19 measures in the Turkish financial sector: Deadline extension for reporting requirements

April 17, 2020

With its decision dated April 2, 2020, the Banking Regulatory and Supervision Agency (the “BRSA”) extended the deadlines applicable to certain reporting or notification requirements by 60 days.

DFC replaces OPIC

March 09, 2020

The Overseas Private Investment Corporation changed in January into the United States Development Finance Corporation.

Turkish capital markets authority moves to remove privileges in loss-making companies

February 25, 2020

With a new Communiqué that entered into force on January 10, 2020, namely the Communiqué on Principals Regarding Revocation of Voting Privileges and Privileges to be Represented on the Board of Directors, the Turkish Capital Markets Board (the “CMB”) is now authorized to revoke voting privileges.

BiGa digital gold: Blockchain-based, physically-backed gold transfer infrastructure developed by Takasbank

January 02, 2020

Istanbul Clearing, Settlement and Custody Bank (“Takasbank”), which is authorized by The Central Bank of the Republic of Turkey for payment and security settlement systems under Law No. 6493 on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions, has been working on a new transfer infrastructure platform called BiGa – the abbreviation of ‘bir gram altın’, which stands for ‘one gram of gold’ in Turkish – since early 2018.