Breaking news: BDDK Chairman Şahap Kavcıoğlu resigned
Original headlineSon dakika: BDDK Başkanı Şahap Kavcıoğlu istifa etti
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Şahap Kavcıoğlu resigned as head of Turkey's Banking Regulation and Supervision Agency (BDDK), the bank regulator announced. Kavcıoğlu, a former central bank governor, had led the BDDK since his appointment in 2023. The departure leaves the agency without its top official at a time when Turkish lenders are navigating high interest rates and tight monetary policy. No successor has been named yet. Watch for the appointment of a new BDDK chief and any signal it sends about the government's regulatory stance toward the banking sector.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
BDDK, Şahap Kavcıoğlu