Statement from Minister Şimşek on the Fund Market and Liquidation Process
Treasury and Finance Minister Mehmet Şimşek stated that the liquidation process in the fund market will not put pressure on the stock market and that current measures are sufficient for now.
Treasury and Finance Minister Mehmet Şimşek made important evaluations regarding the measures taken in the fund market and the ongoing liquidation process. Stating that the process will not create a negative pressure on the stock market, Şimşek emphasized that those who do wrong will face the consequences.
Measures Taken in the Fund Market
Treasury and Finance Minister Mehmet Şimşek made evaluations regarding the measures taken concerning the fund market and stated that market-disrupting actions were detected in a very limited number of funds.
Stating that necessary steps have been taken against these identified negative situations, Şimşek expressed that the measures taken at the current stage are at a sufficient level and there is no need for additional precautions.
Savings Finance Sector and Legal Process
Stating that the savings finance sector has recorded rapid growth, Minister Mehmet Şimşek announced that additional steps could be taken by the Banking Regulation and Supervision Agency if needed.
Reminding that the issue was referred to judicial authorities following the steps taken by the Capital Markets Board, Şimşek stated that everyone who fails to comply with the rules and does wrong will face the consequences without discrimination.