Financial Stability Committee Convenes: No Structural Risk in the Market
The Ministry of Treasury and Finance announced that temporary credit and liquidity issues in certain funds are manageable and that there is no structural risk in the markets.
In an official statement following the meeting of the Financial Stability Committee under the auspices of the Ministry of Treasury and Finance, it was reported that there are no fundamental or structural risks in the capital markets, and that the recent volatility stems from temporary issues in a limited number of funds.
Statements Following the Meeting
In a written statement issued by the Ministry of Treasury and Finance, details of the Financial Stability Committee meeting were shared with the public.
During this critical meeting chaired by Minister Mehmet Şimşek, recent developments in the capital markets were comprehensively reviewed.
Causes of Market Volatility
It was determined that the volatility recently observed in the markets originated from credit and liquidity difficulties experienced in certain funds managed by a limited number of portfolio management companies.
Officials emphasized that this situation is concentrated only in a specific part of the fund market and has not shown a general spread.
No Structural Risk
It was explicitly stated that there are no fundamental or structural risks regarding the functioning of Borsa İstanbul and the general capital markets.
Information was shared with the public that the current problems are entirely temporary and manageable in nature.
Measures and Audits to Be Taken
It was announced that all necessary measures were evaluated to maintain the healthy functioning of the markets and protect macrofinancial stability.
It was emphasized that regulatory and supervisory authorities will continue to decisively exercise their powers against individuals and institutions identified as engaging in market-disrupting actions.