Turkey urged to tackle conflict of interest
TURKEY - Turkey should develop its capital markets by reviewing conflicts of interest issues arising from bank ownership of most non-bank intermediaries, such as pension funds and insurance companies, according to the latest report from the Organisation for Economic Cooperation and Development.
A systemic reform should be carried out to implement, in the medium term, a balanced three-pillar pension system, added the OECD. In April 2001, the government took a first step in this direction by adopting...
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