Business · 2026-10-19 · Afternoon briefing

Turkey's market regulator chief resigns amid fund crisis

Mahmut Sutcu, the head of Turkey’s market regulator, stepped down on Monday. His resignation comes during the fallout from a fund crisis that has upended the country's financial markets, creating significant instability. According to the state-run Anadolu Agency, the official reason Mr. Sutcu cited for his departure was “health issues.”

Mr. Sutcu's tenure was notably brief; he had been in the role only since May. His leadership of the regulatory body therefore concludes after just a few months, during the very period of market turmoil his agency is tasked with supervising. The departure from such a key post during an ongoing crisis presents a challenge for Turkey's financial oversight, combining a leadership change with unresolved market disruption.

Summary written by Cup of News with AI from the sources below. Check the originals for the full story.

Read the sources

• Turkey ex-minister resigns as investment fund crisis grows
• Turkey lifts asset freezes in fund probe as ruling-party deputy chair quits amid share trading allegations
• Turkey lifts asset freezes on 46 companies in market probe, media reports
• Deputy Chair of Turkey's AK Party Resigns After Trading Allegation Amid Funds Crisis
• Turkey’s Ruling-Party Deputy Chair Resigns Amid Allegations Over Fund Crisis

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