President Erdoğan to meet with economic team
During the meeting between President Erdoğan and his economic team, market-disrupting actions and artificial pricing in fund markets will be discussed.
President Recep Tayyip Erdoğan is meeting with his economic team to evaluate recent developments in the markets and allegations of artificial pricing in fund markets.
Primary Agenda of the Meeting
President Erdoğan will hold a critical meeting with his economic team today. Evaluations made prior to the talks indicate that the main focus will be on market-disrupting actions.
Allegations of Artificial Pricing
Attention is drawn to instances where shallow stocks are artificially driven up through buying and selling by certain funds or companies. These pricing processes, disconnected from rational grounds, are expected to be examined in detail.
Potential New Regulations
It is stated that topics such as early warning systems, stress tests, and minimum liquidity requirements, alongside borrowing limits and new regulations concerning the shares of fund companies, could come to the agenda.
State of Financial Markets
While recalling that steps had previously been taken by the Capital Markets Board, it is noted that there is no general negative picture affecting the entire financial system, but the aim is to prevent potential grievances.