In his video message to the 64th General Assembly and Annual Meeting of the World Federation of Exchanges, President Recep Tayyip Erdoğan wished that the general assembly hosted by Borsa Istanbul would be auspicious.
Stating that, as Türkiye, they are implementing a comprehensive economic programme to sustain growth in a balanced and inclusive manner, strengthen production capacity, and make financial stability permanent, President Erdoğan highlighted that the financial sector is central to the programme and that the depth, range of products, and accessibility of capital markets are improving.
President Erdoğan emphasised that Borsa Istanbul is steadily progressing towards becoming the leading market infrastructure provider for Türkiye and the entire region, with the stock exchange ecosystem boosting its global competitiveness through digitalisation, sustainable financing, and participation-based products.
"Money laundering and illegal fund transfers undermine confidence in global markets"
Underlining that the Istanbul Financial Centre is the product of a strong vision aiming to become a hub for financial services, President Erdoğan stated:
"The General Assembly of the World Federation of Exchanges convened today, bringing together esteemed representatives from stock exchanges worldwide, is an occasion of significant importance for shaping the future of capital markets based on collective wisdom. Türkiye is prepared to share its extensive expertise not only to achieve its own objectives but also to promote financial stability at regional and global levels. We believe that capital markets should be managed with an understanding that takes into account not only profit but also social and environmental impact.
Money laundering, illegal fund transfers, and manipulative transactions undermine confidence in global markets. We are enhancing our international collaboration to counter these threats while emphasising the advancement of transparency, oversight, and information-sharing mechanisms. Another significant issue is that the economic inequalities faced worldwide require the development of solutions that will enhance the inclusiveness of the financial system. The global gap between the rich and the poor is widening, and income inequality is declining more than ever before. I believe that joint efforts within the framework of the World Federation of Exchanges will help bridge this gap."
President Erdoğan expressed that he values Borsa Istanbul's active involvement in all processes and management of the Federation and hoped the meeting would lead to auspicious outcomes.