In accordance with the provision of the first paragraph of Article 43 of this Law(ARTICLE 66 (Banking Law No. 5411) - ), the parent bank banks and their domestic and foreign subsidiaries, jointly controlled partnerships, branches and representative offices are subject to consolidated auditing.

The institutions specified in the first paragraph include all kinds of records, information, documents, structures and systems, including internal control, risk management and internal audit systems, accounting and financial reporting unit, financial statements and reports, and information and documents regarding loans extended to the risk group. they have to make it convenient and ready.

The consolidated supervision of the subsidiary and joint ventures pursuant to this Law is carried out together with the competent authorities with the supervision and supervision of the Authority and institutions subject to consolidated supervision, if required. The results of the audit and the information and documents regarding the audit are shared and used in accordance with the procedures and principles to be determined by the Board by taking the opinions of the competent authorities.
ARTICLE 6 - The following article has been added to the Law No. 5411, after the 66th article.
“Prevention plan to be prepared by banks

ARTICLE 66 / A - The banks determined as systemically important by the Board, the procedure to be determined by the Board for the purpose of determining the precautions to be taken due to the incompliance with the protective provisions in the regulations issued pursuant to the Law and the Law, or in case of the possibility of any deterioration in the financial structures. and is obliged to prepare a measure plan and send it to the Authority within the framework of the principles.
These banks are obliged to take the measures to be applied on the consolidated or non-consolidated basis and inform the Agency immediately, in the event that any of the conditions that will cause deterioration in their financial structures occur or the probability of realization occurs as a result of their evaluations on a consolidated or non-consolidated basis.

In the event that it is determined that the events that will cause deterioration in the financial structure or the probability of realization as a result of the audits performed on a consolidated or non-consolidated basis, the Authority may request the bank to take one or more of the measures included in the measure plan. The procedures and principles regarding the implementation of this article are determined by the Board.new item has been added. What are the positive and negative sides?