Egypt Financial Regulatory Authority expands non-bank finance training through protocols with four industry federations

The Egypt Financial Regulatory Authority has expanded its professional training framework for the non-bank financial sector through cooperation protocols signed by the Financial Services Institute with four Egyptian industry federations covering mortgage finance, financial leasing, consumer finance, and factoring. The measure is intended to align training more closely with market needs and strengthen workforce capability in efficiency and governance as non-bank financial activities evolve, including through rapid growth in financial technology. The protocols provide for flexible training plans for the federations and their member companies, incentive benefits for members, and updated training content reflecting market developments. They also allow distinguished staff from member firms to join the Institute's training system as accredited lecturers after passing technical assessments, bringing more practical expertise into programmes and helping narrow the gap between academic content and operational practice. The Authority said it is continuing to develop specialised training through the Financial Services Institute across non-bank financial activities, with a focus on governance, risk management, financial innovation, and digital transformation. The new protocols build on earlier cooperation arrangements with academic and training bodies aimed at upgrading advanced training programmes for the sector.