ŞImşek Tells Investors Türkiye Has Avoided Systemic Risk in Fund Turmoil
28 Articles
28 Articles
Treasury and Finance Minister Mehmet Şimşek announced that institutions are continuing their work on problematic funds and that the necessary steps are being taken to ensure investors receive their payments. Şimşek asserted that the resilience of the Turkish economy continues.
Breaking news... Treasury and Finance Minister Mehmet Şimşek announced that the necessary steps are being taken to ensure that investors in distressed funds receive payments as quickly and as efficiently as possible. Treasury and Finance Minister Mehmet Şimşek stated that the payment process for fund investors is ongoing...
Minister Şimşek stated at the S&P Global conference that the troubled portfolio management companies and related funds have been quarantined and the liquidation process has begun. He said the aim was to stop the spread of the virus, which they have largely succeeded in doing, and that there is no systemic problem.
BOLD – Treasury and Finance Minister Mehmet Şimşek made a statement regarding hundreds of thousands of investors who could not access their money during the liquidation process of 131 investment funds. Şimşek said that the necessary steps have been taken to ensure that investors are paid “as soon as possible and at the highest level.” However, the statement did not provide a clear date for when the payments will begin and how much of their money…
Treasury and Finance Minister Mehmet Şimşek announced that efforts to protect investors' rights in troubled funds are continuing in coordination among institutions.
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