The Egypt Financial Regulatory Authority announced that its chairman, Dr Islam Azzam, has been elected to chair the International Organization of Securities Commissions’ Growth and Emerging Markets Committee (GEMC) for 2026 to 2028. As part of the appointment, he will also serve as vice chair of IOSCO’s Board for the next two years. GEMC is described as IOSCO’s largest committee, representing more than 75% of IOSCO members, with 94 members and 23 non-voting associate members, including 10 G20 countries. The committee’s remit includes enhancing securities market efficiency, developing principles and standards, facilitating information exchange, and providing training and technical assistance. Azzam indicated that priorities during the Egyptian chairmanship will include intensified cooperation and experience-sharing among member jurisdictions, greater knowledge and technical coordination, and support for financial innovation, adoption of technological solutions, and sustainable finance programmes.
Egypt Financial Regulatory Authority 2026-03-26
Egypt Financial Regulatory Authority’s Islam Azzam elected to chair IOSCO Growth and Emerging Markets Committee for 2026 to 2028
Dr. Islam Azzam, chairman of the Egypt Financial Regulatory Authority, has been elected to chair the International Organization of Securities Commissions’ Growth and Emerging Markets Committee (GEMC) for 2026-2028 and will serve as vice chair of IOSCO’s Board for two years. GEMC, IOSCO’s largest committee, focuses on enhancing securities market efficiency and developing standards. Azzam's priorities include cooperation among jurisdictions, support for financial innovation, and sustainable finance initiatives.