Turkish premier says macro-prudential arrangements are indispensable

 CANNES (A.A) - November 4, 2011 - Turkish Prime Minister Recep Tayyip Erdogan said Friday that the recent global economic crisis showed that macro-prudential arrangements were also indispensable for financial stability. Erdogan attended a session titled "financial sector regulations" held within the scope of G-20 Summit in Cannes. Turkey proactively implemented macro-prudential arrangements with monetary and fiscal policies, stating that it yielded successful results, he said. Meanwhile, Erdogan had a meeting with Chinese President Hu Jintao.