Egypt retains its IOSCO board membership


Wed, 04 Apr 2018 - 11:59 GMT

FILE- Mohamed Omran, Chairman of Financial Supervisory Authority

FILE- Mohamed Omran, Chairman of Financial Supervisory Authority

CAIRO - 4 April 2018: Egypt, represented in the Financial Supervisory Authority (FSA), retained its membership in the International Organization of Securities Commissions (IOSCO) board as a representative of the regional committee of Africa and the Middle East.

Mohamed Omran, head of the FSA, said Egypt's win in the IOSCO elections mirrors great appreciation by the international organization of FSA efforts in creating a stable atmosphere for non-banking financial services and carrying out financial reforms.

This is the third consecutive time that Egypt retains its membership in the organization.

The IOSCO is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector.

It includes members from over 100 different countries, who regulate more than 95 percent of the world's securities markets.

It has a permanent secretariat in Madrid, Spain.



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