Cairo: Prime Minister Mostafa Madbouli held talks with Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), to review the latest developments in the non-banking financial sector and its role in the economy.According to State Information Service Egypt, during the meeting, Farid reviewed new regulations under the Insurance Law, which include higher capital requirements for insurance firms, expanded coverage, and stricter investment rules. These measures are aimed at strengthening the sector's competitiveness.Farid also stated that the FRA is organizing a fintech forum this month to discuss digital transformation and financing opportunities for fintech startups. This initiative is part of a broader effort to integrate technology into financial services, providing a platform for innovation and growth.Additionally, Farid highlighted recent success stories of firms that have raised significant funding after obtaining FRA licenses. These stories underscore the role of regulations in attracti ng investors and fostering a conducive environment for business expansion.Farid added that the FRA is preparing to implement Basel III standards for non-banking financial firms. This move seeks to enhance capital adequacy and risk management, aligning with international best practices and ensuring the stability and resilience of the financial sector.