Turkey's finance minister says final fund liquidation will take longer
Mehmet Simsek said Turkey's liquidation of problematic investment funds is on its projected pace, but final closure will take a bit more time.
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what happened
Turkey's liquidation of several investment funds that triggered a recent crisis is moving at the pace previously projected, but the final closing of the funds will take somewhat longer, Finance Minister Mehmet Simsek said on Tuesday.
In a live interview with broadcaster Haberturk, Simsek said liquidation of four of the seven investment fund companies will be completed soon. The information was reported by Reuters.
why it matters
For markets, the point is that authorities are still working through the aftermath of the crisis in the country's fund sector. Investors will watch the timeline closely, since a drawn-out liquidation could weigh on sentiment toward Turkish assets and confidence in regulation.
market impact
Turkish assets: a drawn-out fund liquidation may restrain investor appetite for the lira and government bonds
tags
instruments
sources
- Final liquidation of problematic Turkish funds will take time, finance minister says — Reuters, 20 October 2026 at 08:34 UTC
- Final liquidation of problematic Turkish investment funds will take time, finance minister says — Reuters, 20 October 2026 at 10:11 UTC
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