However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using...

However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using...

However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using...

The idea of development of capital markets and hence securities firms had resurfaced after 1980’s in Turkey, the latest and probably the final liberal period of Turkish economy. First regulations on securities firm business appaeard after Banking Crisis of 1982 (or Banker Crisis). The number...

Ponzi finance is a type of financial fraud based on the principle of continuous fund rasing arising from the newcomers to the system. Ponzi scheme is inherently but necessarily tend to financial failure/bankruptcy. In Turkey, there were at least three well known ponzi schemes after 1980’s....

Global financial crisis, arising from real estate and finance sectors, has caused extra ordinary costs for the world economy. Problems in the public management model of the US finance and real estate sectors would be accepted as one of the important reasons of the financial failures in the US...

Participation banks in Turkey use the “tawarruq” method to restructure their uncollectible receivables and the “commodity murabahah” method, which is a kind of tawarruq, to manage their liquidity. All participation banks to perform these operations use the London Metal Exchange (LME)....

This work is about the compatibility of the given credit rates to Turkey by the USA originated credit rating companies and the data of the Turkish economy. When their own resources are not enough to finance economical growth, countries are needed for foreign investments. These foreign...

As per the importance of the operations carried out by the rating agencies, some obligations are set forth for these agencies, the breach of which causes their liability. The liability of the rating agencies has basically been regulated in the Communique on Principles Regarding Ratings and...

Turkish Abstract: Kredi derecelendirme 19. yüzyıldan bu yana gelişen bir sistemdir. Temel amacı asimetrik bilgi sorununu çözerek piyasaların işleyişini iyileştirmektir. Sermayenin küreselleşmesi kredi derecelendirmesinin gelişmesinde önemli bir rol oynamıştır. Günümüzde...