The Egypt Financial Regulatory Authority reported that its chair, Mohamed Farid, delivered a virtual lecture to participants in King’s College London’s training programme on international financial regulation, drawing on his roles as Vice Chair of the International Organization of Securities Commissions (IOSCO) and Chair of its Growth and Emerging Markets Committee (GEMC). He focused on IOSCO’s global standard-setting role and argued that strong disclosure and adherence to international standards are foundational to investor confidence and sustainable market development. The session referenced how the programme links global standards from bodies including the Basel Committee on Banking Supervision, the Financial Stability Board, the Financial Action Task Force and IOSCO to domestic legislation, and how regulatory requirements affect the structuring, trading and risk management of products such as cryptoassets, asset-backed securities, derivatives and syndicated loans. Farid noted IOSCO’s membership oversees more than 95% of global securities markets and that its 38 principles are recognised by the G20 and international financial institutions, with standards spanning the full market ecosystem from issuers and auditors to intermediaries, secondary markets and clearing and settlement. He highlighted IOSCO’s work on areas including secondary market disclosures, operational resilience and cryptoasset regulation, and pointed to IOSCO implementation monitoring that has identified uneven application of certain principles on systemic risk and information sharing, alongside IOSCO-Financial Stability Board work on cryptoassets and stablecoins calling for greater global consistency, cross-border cooperation and stronger enforcement. The lecture also covered IOSCO’s NEXTGEN capacity-building programme launched in 2024 and GEMC initiatives, including a network launched in December 2024 to support emerging markets in adopting International Sustainability Standards Board sustainability disclosure standards through training, technical assistance and peer exchange.
Egypt Financial Regulatory Authority 2025-11-23
Egypt Financial Regulatory Authority chair sets out IOSCO standard-setting and NEXTGEN capacity-building priorities in King's College London lecture
Egypt Financial Regulatory Authority chair Mohamed Farid, in a virtual lecture at King’s College London, emphasized IOSCO's global standard-setting role and the importance of strong disclosure for investor confidence. He discussed IOSCO's oversight of over 95% of global securities markets and highlighted initiatives on secondary market disclosures, operational resilience, and cryptoasset regulation. Farid noted the uneven application of IOSCO principles and the need for global consistency and cooperation in cryptoasset regulation.