Basel II: New Capital Adequacy Accord, the Impact on banking sector of emerging economies and the case of Turkey

As a result of the rapid globalization of the world financial system, the interaction between financial markets has increased. Moreover, the crisis that occur in the financial markets from time to time was transformed into a structure which threatens the entire global financial system. In this environment, the various global standarts for the regulation of the financial system has been needed to be created. Basel II New Capital Adequacy Accord regarding regulation of banking sector weighted share in the financial system took place at the core of these arrangements.İn this thesis, Basel II Accord regarding capital adequacy arrangements which is one of the main component of banking regulations, the impacts in emerging economies? banking sectors were analyzed with the case of Turkey.New Accord improved developed countries in order to strengthen the financial structure of banking sectors, with its innovations, the banking sectors in emerging economies also is expected to contribute positively. Besides the contribution of attaining strong financial structure to emerging economies? banking sectors, Basel II will also contribute to meet regulation deficiencies of these economies? banking sectors and strengthens the institutional and regulatory infrastructure significantly.İn order to support thesis, Turkey taking place among emerging countries was chosen as the sample country and impacts of implementation New accord in Turkish Banking sector were examined and analyzed. For this purpose, in Turkish banking sector, in order to measure and evaluate the existing and planned activities, expectations and problems of Basel II Accord Implementation, survey was conducted and the results are presented.As a result of the survey, although Turkish Banking sector is of the opinion regulating New Accord, in a more appropraite structure for emerging countries? bankings sectors; at the same time, its implementation in Turkish Banking sector is evaluated useful and necessary for international integration and market acceptance according to the conclusions reached.At this framework, Turkish Banking sector which is of the opinion that New Accord, if applied, have many positive effects and results. For this purpose, Turkish Banking sector continue works to adapt New Accord and, it can be accepted to make considerable progress for adapting Basel II.