August 17, 2018 / 5:02 PM / 3 months ago

Turkish banking watchdog broadens limits on derivative transactions

ISTANBUL, Aug 17 (Reuters) - Turkey’s BDDK banking watchdog on Friday said it would broaden limits on banks’ forex swap transactions to include lira forward and option-type derivative transactions.

The BDDK on Wednesday cut the limit for Turkish banks’ forex swap, spot and forward transactions with foreign banks to 25 percent of a bank’s equity. (Reporting by Nevzat Devranoglu; Writing by Daren Butler; Editing by David Dolan)

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