Global Financial Markets and Developments in Post - Crisis
* Post-crisis recovery process
- The increasing role of governments (to inject liquidity into the markets)
- Interest rates to come down to the lowest levels in history
- Liquidity turn to the abundance of the stock markets
* Increased budget deficits
- EU support packages
* The high volatility of financial markets
* More stringent regulation and surveillance
- Close cooperation between international institutions more rapid recovery in emerging markets.
Turkey: Post-Crisis Economy Emerging period
-Strong banking sector.
-Effective working in the presence of the regulatory supervisory authorities.
-High capital adequacy ratios.
-The public deficit to GDP ratio of Maastricht Criteria to be below.
-Structured products and derivatives have a limited number.
Conjuncture of Turkey
- S & P, Moody's and Fitch upgraded the credit rating of Turkey.
- Organisation for Economic Co-operation and Development (OECD) Report of 2010 growth forecast to 8.2 % in Turkey and also in the future of the G-20 countries is expected to take place at the beginning of the fastest-growing economies.
- Turkey 2 of 2010 quarter grew by 10.3 % over the same period the previous year, had taken first place in the world.
Turkey Capital Markets Overview
* Funds would be free movement
* Transparent Markets
* Electronic Public Disclosure Platform
- Accounting and general arrangement of regulations in international perspective
- IFRS since 2005.
- Corporate Governance Index from August of 2007.
- The envisaged changes in the Turkish Commercial Code.
* Advanced Market Infrastructure
- International standards-compliant legislation
- A strong and competitive in a technological infrastructure.
Important developments in the Istanbul Stock Exchange (ISE)
- The best performance in public offerings since 2000.
- As of November 30th, 2010 the number of shares in the Initial Public Offering (IPO) of the company in 2010 is 19.
- As a result of public offerings in 2010: 2 billion Turkish Lira contributed to the Turkish economy and company.
- On the other hand, 10 pieces in 2010 by issuing bonds and notes, provided the source is the amount of 740.5 million Turkish Lira.
Other important developments in the Istanbul Stock Exchange
* The National
- The restructuring of the market and the markets.
- Market maker system and the application of the single price.
- Opening session application
- Public Disclosure Platform
- Warrant and other structured products
- City index (9 cities)
* Regional
- In common with Athens Stock Exchange index: GT-30 (28 September 2009)
- FEAS Indexes (3 June 2009)
- Continuing work on establishing a new index within the OIC.
Istanbul Stock Exchange New Market Areas
* Corporate Products Market
- Continuous auction market maker.
- Auction and the "One-Price Method".
- ETF' s venture capital and real estate investment trusts and other structured products.
* Emerging Business Markets
- Recorded by Capital Markets Board, but the companies that our Stock Exchange listing requirements.
- One price and market making.
- The mechanism of the market consultant.
* Qualified Investors Export Market
- Equity securities traded companies, and representatives borrow Bonds and Bills Market.
International Activities
- "Eurasian Union of Stock Exchanges" (Federation of Euro-Asian Stock Exchanges - FEAS) Presidency
- "The World Association of Stock Exchanges" (The World Federation of Exchanges - WFE) Executive Board Member.
- "The European Federation of Stock Exchanges" (Federation of European Securities Exchanges FESE) noble membership (06/23/2010)
- "Economic and Commercial Cooperation of the Organization of Islamic Conference Standing Committee - the COMCEC," which is implemented under the leadership of studies undertaken within the framework of the "Islamic Stock Exchanges Forum Countries" in Istanbul is home to the meetings since 2005.
- Greece Stock Exchange and launched ETFs axis of cooperation, notably Russia and the Gulf countries in the region and also planned.
- The increasing role of governments (to inject liquidity into the markets)
- Interest rates to come down to the lowest levels in history
- Liquidity turn to the abundance of the stock markets
* Increased budget deficits
- EU support packages
* The high volatility of financial markets
* More stringent regulation and surveillance
- Close cooperation between international institutions more rapid recovery in emerging markets.
Turkey: Post-Crisis Economy Emerging period
-Strong banking sector.
-Effective working in the presence of the regulatory supervisory authorities.
-High capital adequacy ratios.
-The public deficit to GDP ratio of Maastricht Criteria to be below.
-Structured products and derivatives have a limited number.
Conjuncture of Turkey
- S & P, Moody's and Fitch upgraded the credit rating of Turkey.
- Organisation for Economic Co-operation and Development (OECD) Report of 2010 growth forecast to 8.2 % in Turkey and also in the future of the G-20 countries is expected to take place at the beginning of the fastest-growing economies.
- Turkey 2 of 2010 quarter grew by 10.3 % over the same period the previous year, had taken first place in the world.
Turkey Capital Markets Overview
* Funds would be free movement
* Transparent Markets
* Electronic Public Disclosure Platform
- Accounting and general arrangement of regulations in international perspective
- IFRS since 2005.
- Corporate Governance Index from August of 2007.
- The envisaged changes in the Turkish Commercial Code.
* Advanced Market Infrastructure
- International standards-compliant legislation
- A strong and competitive in a technological infrastructure.
Important developments in the Istanbul Stock Exchange (ISE)
- The best performance in public offerings since 2000.
- As of November 30th, 2010 the number of shares in the Initial Public Offering (IPO) of the company in 2010 is 19.
- As a result of public offerings in 2010: 2 billion Turkish Lira contributed to the Turkish economy and company.
- On the other hand, 10 pieces in 2010 by issuing bonds and notes, provided the source is the amount of 740.5 million Turkish Lira.
Other important developments in the Istanbul Stock Exchange
* The National
- The restructuring of the market and the markets.
- Market maker system and the application of the single price.
- Opening session application
- Public Disclosure Platform
- Warrant and other structured products
- City index (9 cities)
* Regional
- In common with Athens Stock Exchange index: GT-30 (28 September 2009)
- FEAS Indexes (3 June 2009)
- Continuing work on establishing a new index within the OIC.
Istanbul Stock Exchange New Market Areas
* Corporate Products Market
- Continuous auction market maker.
- Auction and the "One-Price Method".
- ETF' s venture capital and real estate investment trusts and other structured products.
* Emerging Business Markets
- Recorded by Capital Markets Board, but the companies that our Stock Exchange listing requirements.
- One price and market making.
- The mechanism of the market consultant.
* Qualified Investors Export Market
- Equity securities traded companies, and representatives borrow Bonds and Bills Market.
International Activities
- "Eurasian Union of Stock Exchanges" (Federation of Euro-Asian Stock Exchanges - FEAS) Presidency
- "The World Association of Stock Exchanges" (The World Federation of Exchanges - WFE) Executive Board Member.
- "The European Federation of Stock Exchanges" (Federation of European Securities Exchanges FESE) noble membership (06/23/2010)
- "Economic and Commercial Cooperation of the Organization of Islamic Conference Standing Committee - the COMCEC," which is implemented under the leadership of studies undertaken within the framework of the "Islamic Stock Exchanges Forum Countries" in Istanbul is home to the meetings since 2005.
- Greece Stock Exchange and launched ETFs axis of cooperation, notably Russia and the Gulf countries in the region and also planned.
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