TCMB Governor Karahan's 'fund' statement

Turkey’s central bank Governor Fatih Karahan said the TCMB is closely monitoring developments in the fund market and their interaction with the banking system and other financial markets, pledging to “proactively take any additional measures” if deemed necessary while continuing to watch financial stability and liquidity conditions. The remarks signal heightened official scrutiny of nonbank fund activity as a potential channel of risk for lenders and broader markets. No specific figures, policy rates or fund sizes were cited in the statement. Investors will watch for follow-up TCMB actions on liquidity and any regulatory steps targeting fund-market exposures.