Head of Turkey’s banking watchdog submits resignation

Sahap Kavcioglu — Şahap Kavcıoğlu

Photo: CBRT/Flickr

- Central Banking Newsdesk
- 11 Nov 2026

Şahap Kavcıoğlu, a former governor of Turkey’s central bank, has requested permission to resign as head of the national banking supervisory agency, following allegations that it was linked to the country’s investment fund crisis.

Kavcıoğlu – who served as governor of the Central Bank of the Republic of Turkey (CBRT) between 2021 and 2023 – wrote on social media today (November 11): “In light of the recent allegations concerning the Banking Regulation and Supervision Agency [BDDK] and myself, I

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