Savings Deposit Insurance Fund of Turkey explained

Agency Name:Savings Deposit Insurance Fund
Nativename:Tasarruf Mevduatı Sigorta Fonu
Formed:1983
Superseding:Independent
Jurisdiction:Turkey
Headquarters:Istanbul, Turkey
Chief1 Name:Fatin Rüştü Karakaş
Chief1 Position:Chairman

The Savings Deposit Insurance Fund of Turkey (Turkish: Tasarruf Mevduatı Sigorta Fonu), a.k.a. TMSF in abbreviated form, is the governing body concerned with matters of fund management and insurance in the Turkish banking system.

The body was founded in 1933 with the name Deposit Protection Act (Turkish: Mevduatı Koruma Kanunu). In 1960, the name was changed to Bankalar Tasfiye Fonu (Turkish: Bankalar Tasfiye Fonu). The current name was adopted in 1983.[1]

TMSF is also involved in the media industry, and owns at least one asset each for every newspaper, pay television, television and radio station. In 2013, TMSF acquired some assets from Çukurova Media Group after the company was forced to sell due to tax debts.

The institution was initially overseen by the Central Bank of Turkey, however, it later became attached to the Prime Minister's office, and later, to the President's office.[2]

External links

Notes and References

  1. Web site: Savings Deposit and Insurance Fund: Private Company Information - Bloomberg. www.bloomberg.com. 2017-08-29.
  2. Web site: Anasayfa.