Statement on Stock Market and Financial Markets from Treasury and Finance Minister Mehmet Şimşek
Minister Mehmet Şimşek announced that the measures taken against concentration risk in funds are sufficient and that there is no structural problem in the stock market.
Treasury and Finance Minister Mehmet Şimşek stated that the measures implemented against concentration risk arising in a limited number of funds are sufficient and that there is no structural problem in the stock market or the general markets.
Measures Taken and Fund Process
Officials stated that the funds affected by the interventions constitute approximately 10 percent of the total size, and the liquidation process will be carried out within the framework of CMB principles.
Non-Bank Finance and Auditing
Drawing attention to the rapid growth of the non-bank financial sector, the economic administration noted that stricter rules are needed in this area and additional measures will be evaluated.
Fuel Price Stabilization System (Eşel Mobil) and Budget Impact
It was stated that approximately 400 billion liras of tax revenue was waived under the fuel price stabilization system (eşel mobil), and this step was taken to mitigate the impact of global war shocks.
Market Confidence and Responsibility
While emphasizing that the probability of systemic risk is low, it was clearly stated that those who do wrong will face the consequences without any discrimination.