The Egypt Financial Regulatory Authority’s chair, Mohamed Farid, delivered a keynote at the Malta Financial Services Authority’s general conference held alongside the International Organization of Securities Commissions’ Growth and Emerging Markets Committee (GEMC) 2025 annual meeting, setting out a three-part framework for capital market growth and stability in emerging economies. The proposed principles were innovation with integrity, deeper integration while preserving national independence, and growth aligned with sustainability. In the same remarks, Farid pointed to Egypt’s law regulating the use of financial technology and its executive regulations as a turning point for an adaptive supervisory approach that can evolve with innovation in real time while maintaining investor protection and transparency. He cited the regulator’s shift from paper-based processes to an integrated digital model, including licensing fully digital start-ups, approving a register of fintech service providers, enabling electronic know-your-customer (e-KYC) procedures, digital contracts and a digital register, authorising a robo-advisor to support asset managers using artificial intelligence, and issuing digital licences for real estate, private equity and venture capital investment funds. The speech also stressed embedding environmental, social and governance considerations across market activities, investing in human capacity to support digital transformation, and strengthening regional and global supervisory cooperation to address financial fragmentation and technological disruption.

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