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Mehmet Şimşek

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Mehmet Şimşek said oversight of Türkiye's capital markets will be strengthened amid fund liquidation

Türkiye's Treasury and Finance Minister Mehmet Şimşek said authorities will prepare permanent structural regulations and strengthen oversight of capital markets after the fund crisis. Of 131 funds under seven management companies, 66 have been fully liquidated, with payouts totaling 40.8 billion liras ($822.9 million) to 45,747 accounts.

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