A new governmental body will oversee the recovery of assets for shareholders affected by recent equity market collapses. The country's Communications Directorate announced the board, which is chaired by the vice president, will coordinate the liquidation of investment funds to protect the rights of investors as the state attempts to stabilize the financial sector.

President Erdoğan is using the move to manage the political fallout of a $18B stock market scandal that has reached the top of the ruling AK Party. The crisis recently forced Deputy Chair Fatma Betul Sayan Kaya to resign her leadership position following opposition allegations that she and her husband conducted improper stock trades.