Has the new BDDK chairman been announced, who is it?

Şahap Kavcıoğlu announced his resignation as head of Turkey's Banking Regulation and Supervision Agency (BDDK) via social media on Thursday, leaving the regulator's top post vacant. The departure comes after Kavcıoğlu, a former central bank governor, had led the BDDK since 2023. No successor has been named yet, and market participants are watching for an official announcement on who will take over the agency. The leadership change matters because the BDDK oversees the capital adequacy, lending practices and risk management of Turkish banks during a period of elevated inflation and tight monetary policy. Investors will focus next on the appointment itself and any signal it sends about the government's regulatory stance toward the banking sector.