After the 6th Turkish Capital Markets Congress | melih head
Turkish Capital Markets Association (TSPB) held the 6th TSPK in Istanbul on 1.12.2022 with the beginning of ‘Beyond Finance: Investing in the Future of the World’ and as a carbon neutral congress.
A selection of congress speeches:
Minister N. Nebati stated that the company should not see the capital markets as a channel focused only on a single product or a single financing model, and will promptly prepare the Participation Finance Law for the spending, incentive (interest-free) finance system; stressed that they attach special importance to individual site boarding.
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CMB Chairman İbrahim Ö. Gönül, on the other hand, states that the capital economy has gained significant momentum in the last period, emphasizing the series in public offerings, the number of investors, and the series of funds. they will attach importance to financial literacy (1); they have published a guide for Green Borrowing Instrument, Sustainable Borrowing Instrument, Green and Sustainable Lease Certificates for climate conditioning; stressed that we should closely follow the digitalization phenomena in finance.
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BIST Gn. art. In his speech at the Congress, K. Ergun stated that they changed the business model, that they decided and prepared before the application, not only after the application, and that they supported the results. Going to Ergun, he stated that ‘company evaluation has increased from 394 to 478 in two years, and the daily average transaction volume has reached 3.3 million, from 26 billion TL to 63 billion TL and investor evaluation reaching 1.2 million; diversification of financial services and results; they prepared the sustainability guide, the integrated registry guide and the air conditioning guide; Assigning a secretariat to the establishment and operation of the COMCEC 50 Sharia Index Fund; they intensified participation finance and participation fund and participation indices and gained momentum; that they will create venture capital ownership for carbon officers and out-of-pocket expenses; stressed that they have gained continuity towards digitalization.
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TSPB Direction. K. President İbrahim Öztop said that despite the difficulties created by the epidemic in the last two years, the capital market has been successful thanks to the digitalization of their institutions, technological services and computer support provided by all units of the Union. Öztop drew attention to the fact that the records of both supply and demand cards were broken and investment structures were strengthened. Emphasizing that the number of ISO 1000 lists is below 100 traded on the Stock Exchange, Öztop invited the company to go public.
Öztop is a source of business due to low public offerings, as well as liquidity collapses to company shares, transparency and public disclosure regulation helps businesses and company operators get to know both domestically and home; He emphasized that going public helps them to institutionalize more quickly.
Öztop, stating that the focal point of the Association has been the investor’s protection and disclosure of information, warned against making risk analyzes of both used and investment instruments, not on the results. He emphasized that the twin trend in the economy (digitalization and green transformation) is also reflected in the capital markets.
PANELS ORGANIZED AT THE CONGRESS
At the Congress, the topics of ‘Future of Sustainable Finance’, ‘Future of Digital Finance’, ‘Future of Economy and Capital Markets’ were discussed in initiatives. Particularly, the presentation of invited Alex Tapscott on blockchain books was very informative and eye-opening. Presentation based on Mert Damlapınar’s “Life Analytics”, Akbank Yatırım’s metaverse teacher et al. It was both fun and informative. Let’s leave that for another post. Let’s celebrate TSPB and say nice congresses.
(1): See. www.fo-der.org and www.tspb.org.tr/tr/guides