ARA Assessment of Reserve IFSB Islamic Financial Services Adequacy Board BAT Banks Association of Turkey IMF International Monetary Fund BCP Basel Core Principles for IOSCO International Organization of Effective Banking Supervision Securities Commissions BIST Istanbul Stock Exchange IPO Initial Public Offering BL Banking Law IRB Internal BRSA Banking Regulation and KKB Credit Bureau Supervision Agency KYC Know Your Customer BRSB Banking Regulation and LCR Liquidity Coverage Supervision Board MASAK Financial Crimes Investigation CAD Current Account Deficit Board CAR Capital Adequacy Ratio MKK Central Registry Agency of CBRT Central Bank of the Republic Turkey of Turkey MOF Ministry of Finance CCP Central Counter Party MSME Micro, Small and Medium CMB Capital Markets Board Enterprises CMG Crisis Management Group NFC Non-Financial Corporate CoM Council of Ministers NIR Net International Reserves CRS Credit Reporting System NPLs Non-Performing Loans CSD Central Securities Depository NPS National Payments System EBITDA Earnings Before Interest, NRA National Risk Assessment Taxes, Depreciation and PPP Public-Private Partnership Amortization RAM Risk Assessment Matrix ECA Europe and Central Asia ROM Reserve Options Mechanism EFT Electronic Fund Transfer SDIF Savings Deposit Insurance ELA Emergency Liquidity Fund Assistance SIFI Systemically-Important ERM Enterprise Risk Management Financial Institution ESTS Electronic Securities Transfer SME Small- and/or Medium-Sized System Enterprise FATF Financial Action Task Force SOE State-Owned Enterprise FMI Financial Market Infrastructure SRAG Systemic Risk Assessment FSC Financial Stability Committee Group GIR International Reserves TEBC Turkish Execution and ICAAP Internal Capital Adequacy Bankruptcy Code Assessment Process TL Turkish Lira ICP Insurance Core Principles TR Trade Repository ICR Interest Coverage Ratio UNSCR United Nations Security IIFCB Interest-Free Finance Council Resolution Coordination Board WB Bank
ARA Assessment of Reserve Adequacy BAT Banks Association of Turkey BCP BIST Basel Core Principles for Effective Banking Supervision Istanbul Stock Exchange BL Banking Law BRSA Banking Regulation and Supervision Agency BRSB CAD Banking Regulation and Supervision Board Current Account Deficit CAR Capital Adequacy Ratio CBRT Central Bank of the Republic of Turkey CCP Central Counter Party CMB Capital Markets Board CMG Crisis Management Group CoM Council of Ministers CRS Credit Reporting System CSD Central Securities Depository EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization ECA Europe and Central Asia EFT Electronic Fund Transfer ELA Emergency Liquidity Assistance ERM Enterprise Risk Management ESTS Electronic Securities Transfer System FATF FMI Financial Action Task Force Financial Market Infrastructure FSC Financial Stability Committee GIR International Reserves ICAAP Internal Capital Adequacy Assessment Process ICP Insurance Core Principles ICR Interest Coverage Ratio IIFCB Interest-Free Finance Coordination Board IFSB Islamic Financial Services Board IMF International Monetary Fund IOSCO IPO International Organization of Securities Commissions Initial Public Offering IRB Internal KKB Credit Bureau KYC Know Your Customer LCR Liquidity Coverage MASAK Financial Crimes Investigation Board MKK Central Registry Agency of Turkey MOF Ministry of Finance MSME Micro, Small and Medium Enterprises NFC Non-Financial Corporate NIR NPLs Net International Reserves Non-Performing Loans NPS National Payments System NRA National Risk Assessment PPP Public-Private Partnership RAM Risk Assessment Matrix ROM Reserve Options Mechanism SDIF Savings Deposit Insurance Fund SIFI Systemically-Important Financial Institution SME SOE Small- and/or Medium-Sized Enterprise State-Owned Enterprise SRAG Systemic Risk Assessment Group TEBC Turkish Execution and Bankruptcy Code TL Turkish Lira TR Trade Repository UNSCR United Nations Security Council Resolution WB Bank
Turkey-FSAP-UpdateII-FSA-Public-01312017.docx