Duran made a statement about the developments in the fund markets on his social media account.
Stating that the framework put forward by President Recep Tayyip Erdoğan regarding the developments in the fund markets is clear, Duran said, "Actions that harm the rights and laws of our nation and disrupt the healthy functioning of the markets will not be left unrequited; those responsible will be held accountable before the law, regardless of their positions." He made a statement.
Underlining that the relevant institutions take the necessary steps to protect the rights of investors and strengthen the safe, transparent and healthy functioning of the capital markets while carrying out the investigation and liquidation processes, Duran said, "The main thing is to fully comply with the requirements of the law and protect the rights of our citizens." he said.
"The necessary new administrative and legal regulations are being prepared."
Duran pointed out that it was revealed in official statements that the problem occurred in a limited part of the fund market and did not pose a risk to the financial system in general, and continued as follows:
"While underlining this fact, our esteemed President clearly stated that those responsible will be held accountable before the law. Therefore, maintaining financial stability and resolutely carrying out the legal process are not alternatives to each other, but two basic elements of the same approach. While the relevant institutions implement the necessary measures against liquidity and contamination risks, investigations and investigations regarding market-distorting transactions are continuing, and the needed new administrative and legal regulations are being prepared."
Stating that the protection of citizens' savings and legitimate rights is the main priority of the ongoing process, and that the efforts to finalize the liquidation and payment transactions in a fair, healthy and as soon as possible manner are continued with this understanding, Duran said, "The fact that the process is closely followed by our President, Mr. Recep Tayyip Erdoğan, and the institutions related to the economic management act in line with the same goal, shows that the issue is not limited to the current grievances." He made a statement.
"What is decisive in this issue is law, transparency and our nation's rights."
Duran pointed out that while protecting the rights of the citizens, strengthening the regulatory and control mechanisms that will prevent the recurrence of similar problems was also addressed with the same determination, and stated that the relevant institutions of the state acted simultaneously and in a coordinated manner within the framework of their duties and powers in the face of the problem arising in the fund markets.
Stating that the work carried out by the Financial Stability Committee, Capital Markets Board, economic management, judicial authorities and other relevant institutions covers a wide range of areas, from protecting investor rights to detecting illegal transactions, Duran said:
"In order to carry out the liquidation process quickly and healthily, taking into account the legitimate rights of investors and the public interest, the Fund Coordination Board, established under the chairmanship of our Vice President, will ensure the coordination of the process. This multifaceted work is carried out with the approach of our President to deal with the issue with determination. Completing the liquidation process in a healthy way, revealing responsibilities and strengthening the reliable functioning of financial markets is the common goal of state institutions. Drawing the process into political polemics and perception debates can overshadow neither the operation of the law nor the determination to protect the rights of our citizens. This "What is decisive in the matter is not the rhetoric, but the law, transparency and the rights of our nation."
