Our CEO Mr. Mahmut Kayacık answered the questions of AA Finance Desk
What does Takasbank do?
Takasbank CEO Mahmut Kayacık asserted that they parted company with approximately 20 people evaluated to have relationship with FETÖ terrorist organization subsequent to 15 July coup attempt and stated that "As part of the security precautions, we acted rapidly and thus averted possible penetration or data transport. We stabilized the position by taking a general rapid action."
Kayacık was a guest on Finance Desk, broadcasted live via AA Finance News terminal (aafinans.com) developed within the scope of 100th year vision of Anadolu news agency
Kayacık asserted that they parted company with approximately 20 people evaluated to have relationship with FETÖ terrorist organization subsequent to the coup attempt and stated that" we acted rapidly subsequent to the coup attempt. Takasbank has serious IT security infrastructure for critical and important information. Thus, any outside penetration or seizure by any third-party is not very possible. We have important security precautions. Thus, we acted rapidly within the scope of these precautions and thus averted possible penetration or data transport. We stabilized the position by taking a general rapid action.
As an answer to the question of whether Takasbank conducted any software amendment, Kayacık stated that they had a new infrastructure regarding remote access at the first side, they put into practice all updates within the scope of IT security standards, updated some software, restricted some authorizations and thus fully abolished the effects.
Asserting that 40% of Takasbank staff is composed of IT personnel, Kayacık indicated the importance of the institutions that they provide services and stated that the IT infrastructure should work without any outage and in a regular and continuous manner. Kayacık added that they have the necessary infrastructure by being a financial market infrastructure.
As an answer to the question of whether FETÖ members structured in Takasbank or stay undercover at Takasbank can leak information outside or perform illegal actions regarding software, Kayacık stated that "We can say with contentment that it is not possible. Especially, critical information is safekept at MKK, CSD of Turkey which is also our subsidiary. At MKK, extraordinary security precautions is also at place. We are operating as 3 separate institutions under a single roof. Thus, security precautions has to be tremendously implemented. We averted possible penetration or data transport. We can state this with contentment"
"At the time being, we have a collateral management business of worth 5 billion TL"
Mahmut Kayacık stated that Takasbank takes on an important role in financial markets, provides clearing and settlement services to Equity, Debt Securities, Futures and Options, Precious Metals and Diamond Markets operating within Borsa Istanbul structure. Takasbank also creates electronic commodity certificates for commodity exchanges, provides custody services to private pension funds as well as provides other investment services.
Kayacık continued his words;
"We provide global custody services to our local members in Turkey, brokerage houses, banks and mutual funds within the framework of our cooperation with international central custody institutions (ICSDs). The last part in our new name is banking. We had been granted investment banking license by the BRSA. Within the scope of banking, we are providing collateral and risk management. We have collateral management business in markets, especially in VİOP, approximately worth of daily 5 billion TL. At the time being, the collaterals of our members reached daily 5 billion TL.
Kayacık asserted that out of 5 billion transactions, 3 billion is composed of VIOP collaterals, approximately 1 billion is composed of F/X leveraged trading transactions and the rest is composed 0f member transaction and guarantee funds at equity and other money markets.
- "We are trying to support every project in order to develop financial literacy"
Takasbank CEO Kayacik told that they were designated as a central clearing and settlement institution by the CMB and started to provide Central Counterparty (CCP) services at Takasbank Securities Lending Market and subsequently, at Futures and Options Market, Borsa Istanbul Money Market and Equity Market.
Kayacık stated that clearing and settlement is finalized in a clear manner due to the CCP service and asserted that they enabled rapid solutions to default. He also indicated that there are markets operated by Takasbank such as Takasbank Money Market, Securities Lending Market and Turkey Electronic Fund Trading Platform.
Regarding financial literacy, Kayacık asserted that they organized university seminars in coordination with Borsa Istanbul, CMB and Turkish Appraisers Association. Takasbank is also supporting every project regarding this subject in terms of both human and financial resources.