Statement on Borsa Istanbul and Capital Markets from the Financial Stability Committee
The Financial Stability Committee, convened under the leadership of Treasury and Finance Minister Mehmet Şimşek, emphasized that the recent volatility in the markets stems from temporary funding issues.
The Financial Stability Committee, convened under the chairmanship of Treasury and Finance Minister Mehmet Şimşek, announced that there is no structural risk in the capital markets.
Committee Meeting and Evaluations
Recent developments in the financial markets were discussed at the Financial Stability Committee meeting held under the chairmanship of Treasury and Finance Minister Mehmet Şimşek.
Cause of Market Volatility
In the official statement, it was reported that the volatility observed in the markets stems from credit and liquidity difficulties experienced in a limited number of funds.
It was stated that the issue in question is concentrated in a specific segment of the fund market, and is temporary and manageable in nature.
Measures to Be Taken and Central Bank Steps
In order to preserve financial stability, the Central Bank of the Republic of Turkey announced that it has reviewed its liquidity facilities and will increase the amount of funding through weekly repo auctions.