Finansal Piyasalarda Kurumsal Regülâsyon

There is a strong correlation between the level of development in the financal system of a country and its growth rate. Therefore, countries whose financial systems are composed of a combination of both developed capital markets and banking sectors possess a great advantage in terms of the economic growth of a country. Financial products are considered public goods and the need for financial stability has highlighted the importance of regulations. The economic crises have shown the need for financial markets to have protection mechanisms in place when faced with a particular threat in the market. Moreover, this has increased the need for regulation. According to the corporate economic approach, where the state has a restricted intervention role in the economy, the basic condition for economic life to increase above freedom of enterprise is that a sound legal and economic underlying infrastructure of the markets is in place which provides the protection of property rights and the efficient functioning of the economy.