Treasury and Finance Minister Şimşek makes statement on capital markets in Parliament

Treasury and Finance Minister Mehmet Şimşek answered lawmakers' questions in the Turkish Grand National Assembly, making statements regarding developments in capital markets, a fund investigation, CMB authorities, and MASAK processes. Minister Şimşek stated that the ministry does not have the authority to directly intervene in the market.

Treasury and Finance Minister Mehmet Şimşek answered questions from deputies in the Turkish Grand National Assembly (TBMM) and made statements regarding developments in the capital markets, a fund investigation, the powers of the Capital Markets Board (CMB), and the role of the Financial Crimes Investigation Board (MASAK) in the process. Şimşek stated that audit, inspection, and sanction powers were granted to the CMB by the Capital Markets Law No. 6362, and that Borsa İstanbul is also tasked with safe and orderly operation. Emphasizing that neither the ministry nor the minister personally has the authority to make regulations such as fund guides, Şimşek noted that they have used all tools at their disposal since risks came to the agenda, that they issued warnings at the Capital Markets Congress on November 4, 2025, and that the Financial Stability Committee convened on December 2, 2025, deciding to finalize regulations against manipulations.

Addressing the claim that 440 people withdrew 401 billion liras between September 1 and 16 regarding fund sales, Minister Şimşek reported that, according to MASAK calculations, 306 billion liras of this amount stemmed from transactions made by funds among themselves and group companies, and that there was no net outflow to the outside. In addition, he conveyed that those with negligence or abuse will be held accountable and that judicial authorities are examining the matter.