Savings Deposit Insurance Fund of Turkey

Savings Deposit Insurance Fund
Tasarruf Mevduatı Sigorta Fonu
	Logo of the Savings Deposit Insurance Fund of Turkey
Agency overview
Formed	1983
Superseding agency	Independent;
Jurisdiction	Turkey
Headquarters	Istanbul,Turkey
Agency executive	Fatin Rüştü Karakaş,Chairman;
Website	www.tmsf.org.tr

TheSavings Deposit Insurance Fund of Turkey(Turkish:Tasarruf Mevduatı Sigorta Fonu), a.k.a.TMSFin 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 nameDeposit Protection Act(Turkish:Mevduatı Koruma Kanunu). In 1960, the name was changed toBankalar 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 fromÇukurova Media Groupafter the company was forced to sell due to tax debts.

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