Publications

If someone had said just a few years ago that “private tokens” could influence debates on global payments, financial regulation, or monetary sovereignty, it would have sounded like science fiction. In recent months, that conversation has become routine.

Donald Trump claims to want a "competitive" dollar (i.e., weaker), while insisting on preserving its strength and international hegemony. Added to this is his disregard for monetary independence, which causes mistrust, plus his embrace of stablecoins, which compete with the eurodollar market.

As a result of the ongoing tight monetary stance, credit growth trend turned into a deceleration from a moderate path. Higher level of real interest rates result in more restrictive financial conditions. Expected rate cuts in coming months and potential ease in regulatory growth caps might reverse this outlook a little bit.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

On the back of both internal & external shocks, the CBRT hiked the ON lending rate to 46% and squeezed TL liquidity in March. With the tightening steps, credit growth decelerated and the increased funding costs are expected to weigh on the 2025 profitability of the sector.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.