Minister ŞImşek Sends Message of 'No Systemic Risk' for Markets: The Process Will Not Put Pressure on the Stock Market - Dünya Newspaper
6 Articles
6 Articles
The "fund earthquake," which began with the arrest of Muhammed Yarız, Chairman of the Board of Pusula Portfolio Management, has taken on a new dimension today with the Capital Markets Board (SPK) suspending operations and ordering the liquidation of 130 funds. Expert economists, as well as foreign institutions, have raised concerns about suspicious fund movements in Türkiye.
Minister Şimşek stated that there is no systemic risk in the stock and fund markets, adding that the problematic area has been quarantined and strong measures have been taken to prevent the risk from spreading to the entire market. The article "Minister Şimşek: There is no widespread risk in the stock and fund markets" was first published on Serbestiyet.
Treasury and Finance Minister Mehmet Şimşek answered questions on NTV live broadcast regarding the developments in the Istanbul Stock Exchange and the measures taken. Şimşek stated that the Financial Stability Committee met yesterday under his chairmanship, and that evaluations were made to prevent the formation of systemic risks in the market with the participation of representatives from the Banking Regulation and Supervision Agency (BDDK), t…
Treasury and Finance Minister Şimşek stated that 90% of the fund market is healthy, and announced that problematic funds will be quarantined and liquidated.
Treasury and Finance Minister Mehmet Şimşek defended the measures taken regarding fund operations as sufficient, giving a clear answer to the question of whether this will affect the stock market. Şimşek also gave two figures for year-end inflation.
Treasury and Finance Minister Mehmet Şimşek stated that the developments in the markets do not constitute a widespread crisis, but rather stem from credit and liquidity problems in a limited number of funds, adding that there is no systemic risk in the markets. He also stated that the liquidation process will not put pressure on the stock market and assured investors that their savings will be protected.
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