Capital Markets Board of Turkey
The Capital Markets Board of Turkey (CMB) and Bilkent University have signed a Memorandum of Understanding (MOU) to undertake joint projects to further the goals of promoting business in Turkey, education in the business world, and internship possibilities for Bilkent students. CMB Chairman Prof. Vedat Akgiray and Bilkent Rector Prof. Abdullah Atalar met at Bilkent on November 3 and signed the document.
The CMB is the regulatory and supervisory authority in charge of the securities markets in Turkey. The CMB's major objective is to take the necessary measures for fostering the development of capital markets, and hence to contribute to the efficient allocation of financial resources in the country while ensuring investor protection.
According to Dean Prof. Erdal Erel, the objectives of the agreement on Academic Research and Education include benefits for both parties. The Faculty of Business Administration will undertake an education program aimed at CMB staff; CMB and Bilkent will conduct joint research and publish the results; the two signatories will organize joint education seminars and research grant competitions for national and international researchers; CMB and Bilkent will work together to create a database for researchers to gain access to financial market data; and CMB will provide summer training opportunities for Bilkent students.
The fundamental goal of the new agreement is to facilitate cooperation between the business and education sectors and to share information in an effort to build Turkey's business and financial future.