Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOSCO) board meetings as well as meetings of the Financial Stability Working Group and the Sustainable Finance Committee in Madrid, Spain.
Farid, who also serves as vice chairman of the International Organization of Securities Commissions (IOSCO) and head of the Growth and Emerging Markets Committee (GEMC), participated in several meetings on the sidelines of the commissions’s board meeting that tackled ways to ensure development and growth of capital markets and reinforce their role in economic development, the FRA said in a statement issued on Saturday 9/11/2024.
The meeting of the Financial Stability Working Group reviewed developments in markets, including geopolitical developments and their challenges that curb market development and growth.
The meeting tackled ways of addressing these challenges and managing risks through adopting policies and programs considering all variables and pushing forward enhancing market resilience and competitiveness, the statement added.
In February, Farid, has been elected to lead the GEMC, the largest Committee within the IOSCO that represents over 75 percent of the IOSCO’s ordinary membership, for the 2024-2026 term.
IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for financial markets regulation.
IOSCO’s membership regulates more than 95 percent of the world’s securities markets in more than 130 jurisdictions.
