The Monetary Policy Committee of the Central Bank of the Republic of Turkiye (CBRT) stated in its decision of June 22, 2023, that the existing micro and macro prudential framework would be gradually simplified, guided by impact analyses. As a first step in this context, the securities maintenance regulation is simplified to increase the functionality of market mechanisms and strengthen macro financial stability, and published in the Official Gazette. The simplification process will continue in a gradual manner in line with the principles announced by the Monetary Policy Committee.
Source: IBP