Türkiye's Financial Stability Committee to meet on Friday under Minister Şimşek
The committee, chaired by Treasury and Finance Minister Mehmet Şimşek, will review global market risks and the financial sector outlook. The central bank, BRSA, CMB and SDIF leadership will attend.
According to the Treasury and Finance Ministry, the Financial Stability Committee will convene in Ankara on Friday 22 May. Minister Mehmet Şimşek will chair the meeting, joined by central bank Governor Fatih Karahan, BRSA chair Tevfik Bilgin, CMB chair Ömer Pulat and SDIF chair Muhiddin Gülal.
The agenda covers global market risks, the impact of the Iran war on energy and capital markets, the Turkish banking sector's capital adequacy position and the implications of inflation-fighting policies for the financial sector. Şimşek's call last week at the Paris FATF summit for consistent international standards is also expected to be discussed.
After the meeting, the committee may set new priorities for banks on capital strengthening, credit-risk management and the sectoral distribution of lending. Market participants will watch the joint communiqué closely for any effect on the lira and the Istanbul stock exchange.
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