The Egypt Financial Regulatory Authority reported that its chair, Mohamed Farid, took part in the Middle East and North Africa Regional Committee (AMERC) meeting held alongside the 50th annual meetings of the International Organization of Securities Commissions (IOSCO) in Qatar, calling for stronger regional and international cooperation among capital markets regulators to support market stability and investor protection amid technology- and geopolitics-driven change. Farid highlighted the need for more effective supervisory frameworks to protect retail investors as digital tools spread, pointing to risks such as online misinformation and market manipulation, and referenced ongoing work on advanced monitoring policies and continuous financial education. He also framed fintech as central to capital market development and financial inclusion while requiring balanced regulation to preserve market trust and safety. On sustainability, he argued it is an economic necessity and pointed to integrating environmental, social and governance (ESG) considerations into investment decisions, enhancing sustainability-related disclosure, and supporting instruments such as green bonds and sustainable funds. AMERC, one of IOSCO’s four regional committees, includes 42 members across North Africa and the Middle East and discussed priorities including online retail investor protection, updates on systemic and regional risk assessments, and regulatory developments in fintech and sustainability. The meeting also reviewed IOSCO’s roadmap on protecting retail investors online and considered next steps for regional committee work and potential inputs to IOSCO’s next risk outlook.
Egypt Financial Regulatory Authority 2025-05-13
Egypt Financial Regulatory Authority urges deeper regional and international cooperation at IOSCO AMERC meeting
Mohamed Farid, chair of Egypt's Financial Regulatory Authority, attended the AMERC meeting at IOSCO's annual event in Qatar, advocating for enhanced cooperation among capital markets regulators. He emphasized robust supervisory frameworks to protect retail investors amid digital and geopolitical changes, highlighting fintech's role in market development and balanced regulation. Discussions covered online retail investor protection, fintech, sustainability, and IOSCO's roadmap for retail investor protection.