Turkish central bank includes other financial firms in securities regulation
The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its liraization strategy which will be introduced in the New Year....
In addition to banks, other financial institutions - such as factoring companies which help firms manage their cash flow - were included in the regulations, according to the Official Gazette published on Saturday. "The securities maintenance practice ... will ensure a balanced course in FX loans in line with the decline in foreign currency funding items," the central bank said in a statement.
(Reporting by Nevzat Devranoglu; Writing by Huseyin Hayatsever; Editing by David Holmes)