2010 ilerleme raporu - Avrupa Birliği Bakanlığı

made in the area of State aid. A State aid law establishing a monitoring authority has been
adopted It is now expected that Turkey adjusts its State aids to the requirements of the
Customs Union and of the ECSC Free Trade Agreement.
4.9. Chapter 9: Financial services
There has been some progress in the areas of banks and financial conglomerates. The
authorities introduced new measures with a view to mitigating the negative impact of the
global crisis on the banking sector and their balance sheets. The Central Bank of Turkey and
the Banking Regulatory and Supervisory Authority (BRSA) have brought some flexibility to
the reserve and liquidity requirements. The BRSA signed MoUs with the Banking Control
Commission of Lebanon and the National Bank of Ukraine, increasing the total number of
such agreements to 21. The BRSA further improved its supervisory and enforcement capacity,
by updating its risk-based audit guidelines and initiating surveys for the regulatory impact
assessment of draft implementing legislation. . The BRSA was accepted as a member of the
Basel Committee on Banking Supervision and Financial Stability Board in 2009. No progress
can be reported regarding the implementation of the Basel II Accord for credit institutions and
investment firms. The legislation in the area of banks and financial conglomerates remains
largely satisfactory.
Some progress can be reported in the areas of insurance and occupational pensions. The
Treasury still retains the right to revise motor third party liability insurance tariffs if it deems
necessary. The Treasury required all insurance companies to report their outsourcing activities
on a quarterly basis with a view to monitoring the risks they are exposed to. The Treasury
issued a detailed communiqué on catastrophic risks and on the requirement for insurance
companies to take into account the previous claims history of their customers. The main gaps
in the insurance legislation are the calculation of solvency margins, the minimum amounts of
cover in motor third party liability insurance, which are very low, and the coverage of the
guarantee fund. Overall alignment with the acquis in the insurance sector remained partial.
Alignment of insurance legislation with the Solvency II framework — the Solvency II
Directive 2009/138/EC and its implementing measures — is currently being prepared.
No progress has been made in the establishment of an independent regulatory and supervisory
authority in the insurance and occupational pensions sector.
Turkey’s legislative framework on financial market infrastructure is already largely in line
with the acquis.
Some progress can be reported in securities markets and investment services. The Capital
Markets Board (CMB) published a communiqué on real investment trusts to facilitate initial
public offerings. The CMB has become a member of the International Forum of Independent
Audit Regulators. The Turkish Capital Market Consultation Council has been established, a
high-level coordination body to improve cooperation in securities markets. As a provisional
measure, the CMB has obtained general ministerial approval for the listing of foreign
securities at the Istanbul Stock Exchange. The CMB amended the communiqué on
intermediary activities and intermediary institutions, facilitating entry and exit in the
brokerage market. There has been no progress as regards investor compensation schemes,
market abuse and undertakings for collective investment in transferable securities (UCITS).
However, some progress can be noted with regard to the Markets in Financial Instruments
Directive (MiFID) and prospectus requirements. There has been further progress in
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