Basel Banking Supervision Committee (Committee) was established in 1974 with the participation of G10 countries, as a platform to enable member countries to share their knowledge and experience in the field of banking. The Committee published the Basel Capital Accord (Basel-I) in 1988 aiming to uniformize capital adequacy standards in different countries. Later, the Basel-II Accord was published in 2004, the Basel II.5 Accord in 2009, the Basel III Accord in 2010, and the Basel IV Accord in 2017, to include the developments in financial markets and banking. Basel standards aim to strengthen the regulation, supervision and practices of banks at the international level in order to increase financial stability and to establish a consistent and comparable banking regulation framework among member countries.
In accordance with Article 88 of the Banking Law No. 5411, one of the main objectives of our Agency is to ensure compliance of the regulatory framework to which the banking sector is subject to international standards and regulations. Our country has been accepted as a member of the Basel Committee on 25 May 2009. Compliance with the committee standards is also committed at the G-20 level, of which our country is a member. After membership to the Committee, our Institution contributes to many sub-working groups of the Committee and participates in the process of creating international standards established by the Committee. In accordance with Article 5 of the Statute (Basel Committee Charter), which was accepted by the Committee and published in January 2013, the member countries of the Committee must apply standards to their publication.
In accordance with Article 88 of the Banking Law No. 5411, one of the main objectives of our Agency is to ensure compliance of the regulatory framework to which the banking sector is subject to international standards and regulations. Our country has been accepted as a member of the Basel Committee on 25 May 2009. Compliance with the committee standards is also committed at the G-20 level, of which our country is a member. After membership to the Committee, our Institution contributes to many sub-working groups of the Committee and participates in the process of creating international standards established by the Committee. In accordance with Article 5 of the Statute (Basel Committee Charter), which was accepted by the Committee and published in January 2013, the member countries of the Committee must apply standards to their publication.
Our country's compliance with Basel standards started with the capital measurement method published in 1989 and based on Basel-I. Various studies regarding compliance with Basel-II have been carried out since 2005 and many regulations have been prepared. With regard to compliance with Basel-III, regulations on equity, capital adequacy, liquidity, leverage and capital buffers entered into force between 2013 and 2015. It continues as a continuous work to follow the innovations in Basel standards and harmonize them with our legislation.
Our country's compliance with Basel standards started with the capital measurement method published in 1989 and based on Basel-I. Various studies regarding compliance with Basel-II have been carried out since 2005 and many regulations have been prepared. With regard to compliance with Basel-III, regulations on equity, capital adequacy, liquidity, leverage and capital buffers entered into force between 2013 and 2015. It continues as a continuous work to follow the innovations in Basel standards and harmonize them with our legislation.
In accordance with Article 5 of the Statute (Basel Committee Charter) published by the Basel Committee, member countries should participate in the studies to be carried out by the Committee to review the consistency and effectiveness of national rules and audit methods regarding Basel standards. Regulatory Consistency Assessment Program (RCAP), which was established by the Committee in 2012, aims to ensure the timely transfer of Basel Standards to national legislation by the member countries and to ensure the consistency and integrity of the standards applied, assessing each country separately and ensuring international uniformity in terms of the implementation of the standards. This is a program that aims to contribute to global financial stability. This program evaluates to what extent the country's legislation meets Basel standards. The compliance of our country's banking legislation with Basel standards was reviewed within the framework of the Regulatory Consistency Assessment Program in 2016, and risk-based capital regulations and liquidity regulations were evaluated as fully compliant.
In accordance with Article 5 of the Statute (Basel Committee Charter) published by the Basel Committee, member countries should participate in the studies to be carried out by the Committee to review the consistency and effectiveness of national rules and audit methods regarding Basel standards. Regulatory Consistency Assessment Program (RCAP), which was established by the Committee in 2012, aims to ensure the timely transfer of Basel Standards to national legislation by the member countries and to ensure the consistency and integrity of the standards applied, assessing each country separately and ensuring international uniformity in terms of the implementation of the standards. This is a program that aims to contribute to global financial stability. This program evaluates to what extent the country's legislation meets Basel standards. The compliance of our country's banking legislation with Basel standards was reviewed within the framework of the Regulatory Consistency Assessment Program in 2016, and risk-based capital regulations and liquidity regulations were evaluated as fully compliant.
Reports on Basel II impact studies are included in the Announcements / Archive / Basel Regulations section under the heading Basel II Compliance Studies.
Reports on Basel II impact studies are included in the Announcements / Archive / Basel Regulations section under the heading Basel II Compliance Studies.