Turkish regulator seizes control of Bank AsyaTurkey's banking watchdog Banking Regulation and Supervision Agency reported that it took control of the entire shares of the Gülenist Bank Asya.The troubles in Bank Asya's financial structure pose risks for Turkey, BBC News cited the representative of the agency as saying.Prime Minister Ahmet Davutoglu denied any political motives in this case and said that regulators' action purely based on “technical, fiscal and financial” evaluation, Anadolu news agency reports.
Turkey's banking watchdog Banking Regulation and Supervision Agency reported that it took control of the entire shares of the Gülenist Bank Asya.
The troubles in Bank Asya's financial structure pose risks for Turkey, BBC News cited the representative of the agency as saying.
Prime Minister Ahmet Davutoglu denied any political motives in this case and said that regulators' action purely based on “technical, fiscal and financial” evaluation, Anadolu news agency reports.
