With the amendment made in the Financial Leasing, Factoring, Financing and Savings Financing Companies Law, it was stipulated that the supervision and surveillance of savings finance companies would be carried out by the Banking Regulation and Supervision Agency (BDDK), and the Board carried out inspections to protect the rights and interests of citizens.
The list of savings finance companies, whose adaptation requests were rejected and liquidation was decided as a result of the inspections carried out by the BRSA, was published in the Official Gazette in today’s duplicate issue.
Accordingly, the Board decided to liquidate 21 companies that did not meet the adaptation conditions. The liquidation commission will be appointed by the BRSA and the Savings Deposit Insurance Fund (TMSF) to the companies that do not meet the adaptation conditions and are decided to be liquidated.
Banking Regulation and Supervision Agency decided to liquidate 21 savings finance companies. Details about the decision were given by Istanbul University Faculty Member Prof. Dr. Sefer Sener @trthaberHe told in .https://t.co/R6AUwJkjVe pic.twitter.com/Qs6k02Pexa
— TRT News Live (@trthabercanli) July 2, 2021
“BRSA took an early step to avoid unjust treatment”
Istanbul University Faculty Member Prof. Dr. Sefer Şener drew attention to the fact that the BRSA took an early step with this step in order not to experience grievances as in Çiftlik Bank. He explained the new system regarding the supervision of interest-free housing companies.
The Banking Regulation and Supervision Agency (BDDK) also decided to reject the adaptation requests of 21 companies that do not meet the necessary conditions. It was stated that 21 of the 35 companies that applied on April 7, the deadline, did not meet the sufficient conditions. For other companies, the review process continues.
Commenting on the subject to TRT Haber, Istanbul University Faculty Member Prof. Dr. Sefer Şener explained the details of the regulation that will prevent the grievances of citizens as in Çiftlik Bank.
“Those who have invested their savings in these companies will not be victimized”
The Liquidation Commission will be appointed to the companies by the BRSA and the Savings Deposit Insurance Fund. Citizens’ rights and interests will be protected. Those who have invested their savings in these companies will not be victimized.
prof. Dr. Sefer Şener pointed out that these companies will now be followed by the state:
“Citizens will see that in the next period, the companies they have invested money in, tried to buy a car, tried to buy a car, or that the companies they have saved are viewed by the state, supported by the state, and insured.”
How will the rights of the citizens be protected in case of liquidation? prof. Dr. Sefer Şener answered that question as follows:
“The BRSA is also taking over the management of the company. A commission is being formed, this commission has tended to meet whoever is there without suffering any kind of grievances.”
With the new control system, the owners of the companies will be responsible for their capital and assets. Şenen also pointed out that this system will expand:
“There are tens of hundreds of other companies in Turkey that have been carrying out these activities for decades. The number here, let’s just say, is expressed in hundreds of thousands. For him, this arrangement is very important. This will expand further to include hundreds of thousands of people.”