Latest in the series Erdin Ozel and Emir Munir Sarpyener arrested in fund probe
Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.
Şimşek said the aim was to stop contagion spreading to the rest of the system, and he thought they had largely succeeded. He spoke at S&P Global's Global Emerging Markets Conference.