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Turkey Says Bill Will Speed Troubled Fund Liquidations
Vice President Cevdet Yilmaz says a bill expected in parliament next week will accelerate the process of winding down troubled funds.
Key takeaways
- A bill expected to be discussed in parliament next week is intended to speed troubled fund liquidations.
- Turkey is preparing broader capital market changes aimed at alignment with international standards.
Turkey’s Vice President Cevdet Yilmaz said a bill expected to be discussed in parliament next week will accelerate the liquidation of troubled funds.
Yilmaz said the funds are being wound down through ordinary and extraordinary procedures. He added that administrative measures are being taken to prevent similar problems from recurring.
Separately, work is underway on a broader legislative proposal to strengthen capital markets and bring them into line with international standards, Yilmaz said.
Topics
Cevdet YilmazTurkey
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
