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Banking

IFC-Istanbul Strategy and Action Plan: Government priority checklist

Priority 1: In the bid to make Istanbul an international financial centre, improvements shall be made in the judicial system to ensure expeditious and effective resolution of disputes.

Priority 4: A principle-based approach shall be adopted in regulations of the financial sector, and the legal infrastructure shall be harmonized with international regulations and practices including mainly the EU acquis.

Priority 6: Financial products and services that, though present in Turkey, have shifted to foreign markets in respect of competitive advantage for various reasons shall be identified and measures taken to reverse this trend.

Priority 11: Going public of non-public companies and spreading capital funding to the public base shall be encouraged.

Priority 16: Living standards, security and transport means shall be upgraded in Istanbul, and physical conditions shall be provided to meet the infrastructure needs of financial organizations.

Priority 21: Qualified work force shall be attracted to Istanbul.

Source: IFC-Istanbul Strategy and Action Plan, October 2009, State Planning Organization, Republic of Turkey


See also: Istanbul’s grand plan

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