President Recep Tayyip Erdoğan pointed out that money laundering and illegal money transfers undermine confidence in global markets. Erdoğan said that Borsa Istanbul continues on its path with steady steps.
President Recep Tayyip Erdoğan sent a video message to the 64th World Federation of Stock Exchanges Annual Meeting and General Assembly.
Erdogan hopes that the general assembly chaired by Borsa Istanbul will be beneficial.
“BORSA ISTANBUL IS PROGRESSING WITH CONFIDENTIAL STEPS”
Stating that Türkiye is implementing a comprehensive economic program aimed at maintaining growth in a balanced and inclusive manner, strengthening productive capacity and ensuring long-term financial stability, Erdoğan stated that the financial sector is at the heart of the program and that its depth, product diversity and access to capital markets have improved.
Erdoğan stated that Borsa Istanbul is taking steady steps to become a leading market infrastructure provider in Türkiye and the entire region, stressing that this has increased the global competitiveness of the stock exchange ecosystem with digitalization, sustainable finance and participation-based products.
“Türkiye IS READY TO SHARE ITS EXPERIENCE”
Emphasizing that the Istanbul Financial Center is the product of a strong vision to become a financial services base, Erdoğan said:
“- The General Assembly of the World Federation of Exchanges, held here today with valuable stock exchange representatives from around the world, is important in shaping the future of capital markets on the basis of common sense.
– Türkiye is ready to share its profound experience to ensure financial stability at the regional and global levels, as well as achieve its own goals. We believe that capital markets need to be managed not only with a profit-oriented approach but also with an understanding of social and environmental impact.
WARNING BLACK MONEY AND ILLEGAL FUNDS
– Money laundering, illegal transfers and manipulative transactions undermine confidence in global markets. We strengthen international cooperation to counter these threats and attach importance to the development of transparency, control and information sharing mechanisms.
– Another important issue is the economic inequality occurring on a global scale that requires us to develop solutions to increase the inclusiveness of the financial system. The gap between the world's richest and poorest regions is growing deeper, and income equality is worse than ever.
“I believe that the joint work carried out under the auspices of the World Federation of Exchanges will contribute to closing this gap.”
President Erdoğan stated that he finds Borsa Istanbul's active participation in all Federal processes and management very valuable and expects the meeting to be beneficial.
