{"id":13767497,"date":"2024-04-16T12:12:15","date_gmt":"2024-04-16T12:12:15","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d8%b1%d8%a6%d9%8a%d8%b3-%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84-4\/"},"modified":"2024-05-12T11:38:38","modified_gmt":"2024-05-12T11:38:38","slug":"%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d8%b1%d8%a6%d9%8a%d8%b3-%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84-4","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d8%b1%d8%a6%d9%8a%d8%b3-%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84-4\/","title":{"rendered":"\/Dr. Mohamed Farid participated in the Annual Meetings of the International Monetary Fund (IMF) in Washington \u2013 Monday 16 April 2024"},"content":{"rendered":"<ul>\n<li><span style=\"color: #800000;\"><strong>FRA Chairman and Vice Chair of the IOSCO Board participates in in the Annual Meetings of the International Monetary Fund (IMF) in Washington entitled \u201cStabilizing the Future: Managing the Nexus between Growing Capital Markets and Stability Implications\u201d<\/strong><\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>Mohamed Farid : \u201cOur constant presence and active participation in international forums keeps us informed about the latest trends and challenges facing markets and investors around the world. \u201c<\/strong><\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>Traditional pricing methods might not be enough to encourage investment in government bonds tied to sustainability and climate goals.<\/strong><\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>To unleash the full potential of government and corporate bond markets and attract more investors, this requires greater transparency and disclosure, as well as simplifying and speeding up the bond issuance process and providing market diversification.<\/strong><\/span><\/li>\n<li><span style=\"color: #800000;\"><strong>Creating a fair balance in the regulations imposed on companies, whether they are publicly traded or private, can contribute significantly to a more stable and adaptable financial system<\/strong><\/span>.<\/li>\n<\/ul>\n<p>Dr. Mohamed Farid \u2013 FRA Chairman and Vice Chair of the IOSCO Board participates in in the Annual Meetings of the International Monetary Fund (IMF) in Washington,<\/p>\n<p><img class=\"alignnone size-medium wp-image-13767248 alignright\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1-300x225.jpeg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1-1024x768.jpeg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1-768x576.jpeg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1-1536x1152.jpeg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-1.jpeg 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>He participated in the 1<sup>st<\/sup>\u00a0 IMF-IOSCO Conference &#8211; Stabilizing the Future: Managing the Nexus between Growing Capital Markets and Stability Implications.<\/p>\n<p>The session focused on how recent crises and challenges exposed vulnerabilities in different financial markets. These weaknesses included lack of liquidity and flexibility in areas like short-term funding, corporate debt, and government bonds.<\/p>\n<p>In addition, the session identified the key factors causing shortage of liquidity in these markets. It also looked for practical solutions and policy changes that could make these markets more flexible to future challenges.<\/p>\n<p>It brought together important figures from across these markets, including issuers , investors and brokers.<\/p>\n<p>Prominent figures from various regulatory, financial, and supervisory bodies around the world attended the session. Key participants included Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF) , Joanna\u00a0Cound &#8211; Global Head of Public Policy,\u00a0BlackRock and Andrew Mogavero\u00a0&#8211; \u00a0Managing Director and Head of US Credit Trading at Barclays.<\/p>\n<p>Dr. Farid emphasized the importance of FRA&#8217;s participation in these international meetings and collaboration with global experts. He explained that such events give Regulatory Bodies\u00a0 a unique perspective in addressing the key issues facing markets and investors , improve the regulatory framework, ensure markets\u2019 flexibility and stability , ultimately safeguarding investors.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><img class=\"alignnone size-medium wp-image-13767250 alignleft\" src=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2-300x225.jpeg 300w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2-1024x768.jpeg 1024w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2-768x576.jpeg 768w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2-1536x1152.jpeg 1536w, https:\/\/fra.gov.eg\/wp-content\/uploads\/2024\/04\/WhatsApp-Image-2024-04-16-at-10.12.12-AM-2.jpeg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Dr. Farid added that discussing different financial market types, business models, systems, and products, especially those related to short-term government debt and corporate bonds, would require more extensive sessions with in-depth discussions.<\/p>\n<p>\u201cUndoubtedly, since 2008, at the time of the global financial crisis, markets witnessed an improvement in terms of issuing and trading, but what has happened is insufficient and there is a need for more effort regarding settlement and clearing process, thus increasing the appeal of developing country bonds and expanding investors\u2019 base.\u201d Dr. Farid Stated.<\/p>\n<p>On the other hand, Dr.\u00a0 Farid stressed on the need to facilitate bond issuance procedures and join global settlement platforms, accordingly attracting a wider range of international investors.<\/p>\n<p>Dr. Farid went on to highlight the Egyptian government&#8217;s recent commitment to bold reforms. These reforms include devaluation\u00a0of the\u00a0EGP and raising interest rates to rebuild confidence among both international and domestic investors, ultimately strengthening key economic indicators, along with accelerating negotiations with the Monetary Fund for a financial support package.<\/p>\n<p>Dr. Farid underlined the importance of diversifying Egypt&#8217;s financial resources instead of relying on just one or two markets. This broader approach would provide decision makers with more flexibility and options upon securing funding for critical development plans in Egypt.<\/p>\n<p>In addition, Dr. Farid emphasized the need for a better balance between public and private markets. He highlighted that listed companies face stricter requirements, such as good governance practices and sustainability disclosures (including climate-related aspects) and other issues. These stricter rules are not applied to non-listed companies, which may motivate companies to go public and raise money by selling shares on stock market.<\/p>\n<p>Noting in this regard that the subscribers and investors of various kinds in different securities of both public and other non-public companies are insurance companies, investment funds, qualified investors and individuals.<\/p>\n<p>Thus, there is a pressing need to step up efforts towards strong corporate governance, addressing climate change, and implementing sustainable practices across all companies. This will not only safeguard financial stability for markets and the businesses operating within them, but also significantly improve client protection.<\/p>\n","protected":false},"author":7,"featured_media":13767252,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/13767497"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/13767252"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=13767497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=13767497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=13767497"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=13767497"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=13767497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}