Economy World press 25 sources
Capital Markets Board begins liquidation of 131 investment funds, Şimşek says "no systemic risk"
The Capital Markets Board (SPK) began liquidating 131 funds under a 17 September decision and appointed İş Bankası and Ziraat Bankası as custodians; the process will be completed within three months at most. Minister Şimşek said the problem stemmed from credit and liquidity issues in a limited number of funds.
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