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The Banking Regulatory and Supervisory Authority ("BRSA") has taken a new measure regarding the COVID-19 outbreak in its decision dated April 16, 2020 and no. 8999.
The Banking Regulatory and Supervisory Authority
("BRSA") has taken a new measure
regarding the COVID-19 outbreak in its decision dated April 16,
2020 and no. 8999.
Measure
Regarding bank's standard approach to the calculation of the
principal amount subject to credit risk, the 0% risk weight may be
applied to foreign currency denominated receivables held by the
Centralized Administration of Republic of Turkey, like for Turkish
lira denominated receivables.
Conclusion
The BRSA aims to soften the expected disruptions of the COVID-19
pandemic on banking activities by providing flexibility in credit
provisions.
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