Financial Stability Committee pledges swift equity market measures

The Financial Stability Committee met on Thursday under Finance Minister Mehmet Şimşek and pledged rapid measures to ease liquidity strains affecting a limited number of portfolio management firms, officials said. Reaction pending.

Measures to address fund liquidity

Officials said the committee concluded that recent market volatility stemmed from credit and liquidity problems in a small group of funds managed by a limited number of portfolio management companies. The statement said authorities would move quickly to restore liquidity and stop contagion but did not list specific tools.

Officials said measures will aim to relieve immediate cash pressures and prevent spillovers to broader equity markets. The committee said actions would focus on liquidity support and steps to limit transmission across funds and counterparties; it added that coordination among the Treasury, regulators and market participants would be central to implementation.

Officials provided no timetable for detailed interventions but said all necessary measures would be applied without delay. Investors and market participants will watch implementation closely over the next 24 hours for signs of concrete support and any official guidance that could shape trading in Turkish equities.