Turkey says $18.3 bln fund liquidations won’t pressure Borsa Istanbul
Finance Minister Mehmet Simsek said Turkey’s $18.3 billion investment fund liquidations will not pressure Borsa Istanbul, citing regulatory changes to prevent contagion risk, with authorities to monitor closely.
Turkey's liquidation of investment funds worth $18.3 billion will not put pressure on Borsa Istanbul, as regulatory changes should prevent any contagion risk, Finance Minister Mehmet Simsek said, adding authorities would monitor the market closely.Turkey's Capital Markets Board on Friday mandated I…