Free Trial

Turkey Extends Use of Avg FX Rate in Bank Capital Calculations

TURKEY
  • Banks will continue to take arithmetic average of the exchange rate in the past 252 working days while calculating their capital adequacy ratios, banking watchdog says in statement.
  • Starting from Jan. 1, calculations will be valid until the regulator rules otherwise
  • Mark-to-market losses will continue to be excluded in capital adequacy calculations
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.