In parallel with the global trend, corporate risk management and legal compliance have become an area of significant importance in Turkey.
Legislative developments in regulated industries have laid the foundation for the legal framework of risk and compliance management issues. The financial sector has always had a direct impact on risk and compliance management in terms of the economy, where ensuring stability in the management of sector players and minimising management risks are two primary goals. Along with close supervision of the regulatory authorities, the first regulations on risk management and legal compliance were adopted at the sector level.
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Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Risk & Compliance Management 2019 (Published: 2019). For further information please visit www.gettingthedealthrough.com.