الهيئة العامة للرقابة المالية

• FRA’s election reflects global recognition of its efforts in fortifying Capital Market efficiency and competitiveness across emerging markets.

Dr. Islam Azzam, FRA Chairman:

• Grateful for this international recognition, FRA will continue to develop and execute policies that enhance the capacity of capital markets to drive and attract investment.
• FRA’s primary objective is to intensify joint action between member states, foster technical and knowledge coordination to confront global economic challenges.

The Financial Regulatory Authority (FRA), led by Chairman Dr. Islam Azzam, has secured the chairmanship of the IOSCO’s Growth and Emerging Markets Committee (GEMC) for 2026–2028. This achievement solidifies Egypt’s international standing and underscores its central role in enhancing market efficiency and competitiveness of capital markets among member states.

Alongside his chairmanship of the GEMC, Dr. Islam Azzam will serve as Vice-Chair of the IOSCO Board for the next two years. This dual mandate is a testament to Egypt’s prominent position on the global regulatory map.

Dr. Islam Azzam expressed his profound appreciation for the members’ trust, noting that his election underscores Egypt’s esteemed regional and international stature. He emphasized that the upcoming term will prioritize intensifying cooperation and knowledge exchange to foster more efficient, resilient markets capable of navigating complex global challenges. He emphasized that FRA will maintain its active and long-standing engagement within the Committee, elevating its contributions to a level that secures Egypt’s leadership in developing and enhancing the effectiveness of global capital markets.

Dr. Azzam reaffirmed FRA’s commitment to foster a tech-driven financial ecosystem and enhance the ease of doing business through innovative digital solutions and the implementation of green finance strategies.

The Growth and Emerging Markets Committee (GEMC) is the IOSCO’s largest committee, representing more than 75% of its total membership. It comprises 94 full members and 23 non-voting associate members, including the world’s fastest-growing economies and 10 nations from the G20. The committee plays a pivotal role in enhancing the efficiency of securities markets, establishing regulatory principles and standards, facilitating information exchange, and providing technical assistance and training programs for its members.

This milestone serves as the culmination of FRA’s long-standing commitment to develop Egypt’s Capital Markets and align them with international standards. By establishing a model for FinTech integration and sustainable investment, FRA has earned global acclaim, reinforcing the trust of international institutions in the robustness of Egypt’s regulatory environment.

Under Egypt’s chairmanship, the next term will prioritize joint action and technical exchange among member states to confront global economic shifts. FRA intends to leverage its leadership to empower emerging capital markets, driving them to become key catalysts for sustainable development and contributing to a more robust and stable international financial landscape.