Madrid: Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOSCO) board meetings as well as meetings of the Financial Stability Working Group and the Sustainable Finance Committee in Madrid, Spain.

According to State Information Service Egypt, Farid, who also serves as vice chairman of IOSCO and head of the Growth and Emerging Markets Committee (GEMC), participated in several meetings on the sidelines of the commission’s board meeting. These meetings focused on ways to ensure the development and growth of capital markets and reinforce their role in economic development.

The meeting of the Financial Stability Working Group reviewed developments in markets, including geopolitical developments and their challenges that curb market development and growth. The discussions addressed methods of tackling these challenges and managing risks by adopting various policies and programs, considering all variables to enhance ma
rket resilience and competitiveness.

In February, Farid was elected to lead the GEMC, the largest committee within IOSCO, representing over 75% of IOSCO’s ordinary membership for the 2024-2026 term. IOSCO is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for financial markets regulation, with its membership regulating more than 95% of the world’s securities markets in over 130 jurisdictions.