Financial Stability Committee Convenes Under the Chairmanship of Mehmet Şimşek
The Financial Stability Committee convened under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek to evaluate recent market volatility.
The Financial Stability Committee met under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek on September 17, 2026, at 08:00 to address recent developments in capital markets and market volatility.
Details of the Critical Meeting
According to the announcement by the Ministry of Treasury and Finance, the Financial Stability Committee met on September 17, 2026, at 08:00 under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek.
Agenda Items
During the meeting, sharp sell-offs on Borsa İstanbul, default and liquidity issues in investment funds, and recent developments in capital markets were comprehensively discussed.
Composition of Committee Members
The members of the Financial Stability Committee consist of the Minister of Treasury and Finance, the Deputy Minister of Treasury and Finance, and the heads of the Strategy and Budget Directorate, CBRT, CMB, BRSA, SEDDK, and SDIF.
Sharp Sell-offs in Markets
It was reported that circuit breakers were triggered after the loss in the BIST 100 index exceeded 6 percent, and the index closed the day with a 5.54 percent loss.
Default and Liquidity Issues
In a statement made by Pusula Portföy to the Public Disclosure Platform (KAP), it was stated that a default occurred due to the inability to make redemption payments on time in certain investment funds.
No Structural Risks
The Committee assessed that the market volatility stemmed from credit and liquidity issues experienced in certain funds under the management of a limited number of portfolio management companies.
Measures and Precautions to be Taken
The Committee announced that measures aimed at resolving the liquidity squeeze and preventing contagion risk will be swiftly implemented by the relevant institutions.