The Egypt Financial Regulatory Authority reported that its chair, Mohamed Farid, presided over the general meeting of the International Organization of Securities Commissions’ Growth and Emerging Markets Committee (GEMC) during IOSCO’s 50th annual meeting in Doha (12–16 May 2025). Discussions focused on ongoing development of regulatory and supervisory frameworks for exchanges and markets to support resilience and competitiveness in developing and emerging markets, including strengthening fixed income and government securities markets amid continuing pressures in global debt markets. GEMC represents more than 75% of IOSCO members and includes 90 members and 24 non-voting associate members, including 10 G20 members. The committee endorsed the outcomes of its December 2024 meeting in Ankara and approved the current agenda, heard updates from IOSCO leadership, and discussed capacity building and monitoring implementation of standards. Farid relayed an invitation from IOSCO’s Assessment Committee for GEMC members to participate in reviews covering IOSCO Principles 10 and 12 on inspection, investigation, surveillance and enforcement powers, and in assessments of recommendations on sustainability-related policies, procedures and disclosures in asset management firms, while also highlighting IOSCO’s NEXTGEN capacity-building programme. Financial inclusion was also covered, with Egypt leading a new GEMC working group and an FRA-led panel, moderated by adviser Tarek Fathi and involving regulators from Cyprus, India, Angola and Oman, on how FinTech can expand market participation while protecting investors’ rights. Farid announced that the next annual GEMC meeting will be hosted by the Malta Financial Services Authority in Malta in November 2025.
Egypt Financial Regulatory Authority 2025-05-12
Egypt Financial Regulatory Authority chairs IOSCO Growth and Emerging Markets Committee in Doha and invites members to join reviews of enforcement principles and sustainability disclosures
The Egypt Financial Regulatory Authority's chair, Mohamed Farid, led the GEMC meeting at IOSCO's 50th annual event, focusing on regulatory frameworks for resilience in emerging markets. Discussions included strengthening fixed income and government securities markets, capacity building, and monitoring standards implementation. Farid also announced the next GEMC meeting in Malta in November 2025.