Mehmet Şimşek, Minister of Treasury and Finance, spoke at the General Assembly Meeting of the Banks Association of Turkey.
Stating that the banking sector has a healthy outlook with its strong capital structure, Minister Şimşek said, “We will further strengthen financial stability in the coming period. We will deepen the capital markets. We will take important steps for the development of sustainable finance, participation finance and insurance sector” he said.
Mehmet Şimşek, Minister of Treasury and Finance: We will ensure that the products of the Central Bank of the Republic of Turkey are compatible with participation finance. pic.twitter.com/vLXAlLzo20
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Emphasizing that they will strengthen risk management in financial markets within this framework, Şimşek continued his words as follows:
“We will follow up the risks and institutions of systemic importance more effectively. We will establish the carbon market. We will ensure that the products of the Central Bank of the Republic of Turkey are compatible with participation finance. We will take additional steps to develop participation-based insurance.
Under this strong structure and more supportive external financing conditions, we expect the sector to make stronger use of foreign financing opportunities in the coming period to support the real economy.”
