Other International Institutions

The Financial Sector Assessment Program is a necessary assessment program which should be carried out once every five years for 29 countries of which financial sectors are considered to have systematic important by the IMF as part of reviews performed in accordance with the Article 4 of the IMF Agreement, and that are included in the scope of G20 organization.

The financial sectors of the countries are subject to in-depth evaluation as part of  the Financial Sector Assessment Program, named shortly as FSAP. While the FSAP review is only carried out by the IMF in the developed countries, it is performed jointly by the IMF and The World Bank in the developing countries.

The FSAP reviews consist of two main components:

  • The Financial Stability Assessment carried out by the IMF
  • The Financial Development Assessment carried out by the World Bank

The scope of FSAP reviews is summarized under three main topics, as shown in the table below:

As a result of FSAP reviews, reports having the scope and characteristics stated below are drawn up by the IMF and World Bank:

  • IMF’s Financial System Stability Assessment (FSSA)

This report, containing in-depth assessments and suggestions for institutions, is published after it is evaluated by the IMF’s Executive Board.

  • World Bank’s Financial Sector Assessment (FSA)

It is prepared with the same status as the report drawn up by the IMF, and it is published by the World Bank.

  • Detailed Assessment Reports

These reports, in which the level of compliance with international standards and norms in various sectors such as banking, insurance, capital markets is evaluated, are published only with the permission of the relevant country.

  • Technical Notes (TN)

They are detailed reports which contain in-depth analyses carried out in certain subjects to support findings and suggestions in the FSSA and FSA reports, and are published with the permission of the relevant country.

  • Aide Memorie (Note)

A report prepared as a result of FSAP process is used by the FSAP review team and it is not published.

Also, the country peer review studies are conducted by the FSB for the purpose of following the developments in terms of FSAP findings and suggestion once every three years after the FSAP reviews which are carried out once every five years.

FSAP Reports for Turkey

The first FSAP review, second assessment and final assessment for our country were made in 2006, 2011 and 2016, respectively. The FSAP review conducted in 2016 is more comprehensive than the other assessments, and as a result of this review and revision process, technical notes in 7 different areas, detailed assessment report (DAR) for 3 different sectors (DAR) and final reports (FSSA and FSA) have been prepared.

Technical Notes

  • Follow-up and Management of Systemic Risk 
  • Risk Management, Bank Resolution and Financial Sector Safety Net
  • Stress Testing for Banks and Companies
  • Systemic Liquidity Management
  • Development of the Capital Markets
  • Islamic Finance
  • Preventing Money Laundering and Financing Terrorism

Detailed Sectoral Assessment Reports (DAR)

  • Banking Sector (comply with the Basel Principles, BCP)
  • Insurance Sector (comply with the IASI Core Principles, ICP)
  • The Financial Market Infrastructures (comply with the CPMI-IOSCO Principles)

Final Reports

  • Financial System Stability Assessment (FSSA, IMF)
  • Financial Sector Assessment Report (FSA, World Bank)

In reviews carried out as part of the FSAP, our Institution is evaluated in terms of arrangements and activities in deposit insurance and bank resolution issues, and the following FSAP review reports can be accessed from the links listed below:



















































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Turkey Review of FSAP for 2006
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































  • Financial System Stability Assessment (FSSA, November 9, 2007)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































  • Financial Sector Assessment Report (FSA, June 9, 2008)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Turkey Review of FSAP for 2011
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Financial System Stability Assessment (FSSA, September 7, 2012)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Turkey Review of FSAP for 2016
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Final Reports
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Turkey: Financial System Stability Assessment (FSSA, February 3, 2017)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































  • Turkey: Financial Sector Assessment Report (FSA, February 5, 2017)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Detailed Sectoral Assessment Reports (DAR)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Banking Sector (comply with the Basel Principles, BCP), (February 8, 2017)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































  • Insurance Sector (comply with the IASI Core Principles, ICP), (February 8, 2017)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































The Financial Market Infrastructures (comply with the CPMI-IOSCO Principles) (February 8, 2017)