Yılmaz says fund markets face no systemic risk

Published 7 Oct, 14:32 Updated 7 Oct, 20:56 Photo: Halk TV

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

Vice President Cevdet Yılmaz told the Turkish Grand National Assembly (TBMM) there was no systemic risk in fund markets and Treasury funds would not cover private losses. YENİ Party Izmir MP Ümit Özlale questioned Yılmaz about fund transactions by some ministers.

If the liquidation proposal becomes law, investors are expected to receive principal payments of up to 1 million lira in October. According to figures given by Yılmaz, 131 funds in liquidation account for 7.7% of total portfolio value. About 43,600 investors in 17 funds belonging to A1 Capital, Bulls and Pardüs will be paid on Thursday.

Yılmaz says fund markets face no systemic risk

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Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

8 Oct 2026 22:38 İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
7 Oct 2026 14:32 Yılmaz says fund markets face no systemic risk Vice President Cevdet Yılmaz told the Turkish Grand National Assembly (TBMM) there was no systemic risk in fund markets and Treasury funds would not cover private losses. YENİ Party Izmir MP Ümit Özlale questioned Yılmaz about fund transactions by some ministers.