Author/Authors :
PEKER, İbrahim Kurul Başkanlık Danışmanı - Sermaye Piyasası Kurulu, tURKEY , KARAAĞAÇLI, Bora Merkezi Kayıt Kuruluşu A.Ş., Dış İlişkiler ve Raporlama Müdürlüğü, tURKEY
Title Of Article :
FINANCIAL MARKET INFRASTRUCTURES IN THE WORLD AND IN TURKEY
Abstract :
Negative interest rate which has gained importance in the global economy, particularly in the US and the EUThis paper discusses different functions of financial market infrastructures, central counterparties and central securities depositories, and their transformation in the aftermath of the 2008 global financial crisis due to the ongoing international regulatory initiatives. Post-crisis regulations and new industry principles have equally important effects on business models of the Turkish financial market infrastructure institutions, namely Takasbank and Merkezi Kayit Kurulusu. In this regard, the article also investigates the impact of global regulatory efforts on the Istanbul International Financial Center project and the Turkish Capital Market Law (No. 6362), and the rapidly evolving roles of financial market infrastructures in Turkey.
NaturalLanguageKeyword :
2008 global financial crisis , central counterparties , central securities depositories , Capital Markets Law , Istanbul International Financial Center , Dodd , Frank Act , CPSS , IOSCO , EMIR , CSDR , T2S
JournalTitle :
Journal Of Financial Researches and Studies
