Government Submits Draft Law To Move Central Bank, Other Finance Institutions To Istanbul

ANKARA - Turkish government submitted to parliament on Wednesday a draft law to move a number of state finance institutions, including the country`s Central Bank, from capital Ankara to Istanbul, Turkey`s biggest commercial hub.
The draft law is designed to also move the country`s Capital Markets Board (SPK), Banking Regulation and Supervision Agency (BDDK) and state-owned Vakif Bankasi in two years.
(YMB-MS)