请输入您要查询的百科知识:

 

词条 Financial Regulatory Authority
释义

  1. History

  2. Responsibilities and structure

  3. See also

  4. References

{{About|a specific regulator in Egypt |general financial regulators|list of financial regulatory authorities by country}}{{Infobox government agency
|agency_name = Financial Regulatory Authority
|nativename = {{lang|arz|الهيئة العامة للرقابة المالية}}
|logo =
|logo_width =
|logo_caption =
|seal = Financial_Regulatory_Authority.jpg
|seal_width =
|seal_caption =
|formed = {{start date |2009 |7 }}
|preceding1 =
|dissolved =
|superseding = Capital Market Authority
|jurisdiction = Egypt
|headquarters = {{flagicon|Egypt}} Cairo, Egypt
|employees =
|chief1_name = Mr. Mohamed Omran
|chief1_position = Chairman
|website = {{url |http://www.fra.gov.eg}}
}}

The Financial Regulatory Authority ({{lang-arz|لهيئة العامة للرقابة المالية}}) is a financial regulatory authority that regulates the financial service industry in Egypt. It is a Egyption Government integrated agency that supervises all non-banking financial transactions and markets including capital markets, derivative markets, commodities, insurance, mortgage finance, financial leasing and factoring.

History

With the passing of Law no. 10, 2009, issued on February 25, 2009, the agency was established and became operationally effective on July 1, 2009. It replaced three major regulating authorities: the Capital Market Authority, the Insurance Supervisory Authority, and the Mortgage Finance Authority. This unification was intended to foster Egypt's financial sector.[1]

Establishing the new authority is part of at a series of reforms aimed to strengthen the stability and security of the non-banking financial sector in Egypt and its interoperability with the banking sector. This move came against a backdrop of the global economic and financial crisis of 2007–2010 which highlighted the need for integrity and transparency in financial markets.

Ashraf El-Sharkawy headed the authority after the January 2011 uprising.[2]

The agency was known as the Egyptian Financial Supervisory Authority (EFSA) in English until Nov 2017 when it was rebranded in English only as the Financial Regulatory Authority.[3]

Responsibilities and structure

The Financial Regulatory Authority supervises all non-banking financial transactions and markets including importantly capital markets, derivative markets on financial assets and commodities, insurance contracts and services, mortgage finance, financial leasing, factoring and securitization.

The agency is an ordinary member of the International Organization of Securities Commissions (IOSCO). Both Cairo and Alexandria Stock Exchanges (CASE) as well as Misr Company for Central Clearing, Depository & Registry (MCDR) have membership of the IOSCO too, but they are affiliate members.

The headquarters is located in Smart Village.

See also

  • Securities commission
  • Economy of Egypt

References

1. ^{{cite journal | author=Nawar, Abdel-Hameed | title= The Legal System and Economic Efficiency in Egypt | series=July | journal=Cairo University, manuscript | year=2009 | volume=15, 2009}}
2. ^{{cite news|title=Who's who: Meet Egypt's 10 new ministers in Sherif Ismail's cabinet|url=http://english.ahram.org.eg/NewsContent/1/64/195704/Egypt/Politics-/Whos-who-Meet-Egypts--new-ministers-in-Sherif-Isma.aspx|agency=Ahram Online|date=March 23, 2016}}
3. ^{{cite web |url=https://enterprise.press/stories/2017/11/06/efsa-becomes-fra/ |title=EFSA becomes FRA |date=November 6, 2017 |publisher=Enterprise press}}
{{DEFAULTSORT:Financial Regulatory Authority (Egypt)}}

6 : Business in Egypt|Financial regulatory authorities|Government agencies of Egypt|2009 establishments in Egypt|Government agencies established in 2009|Finance in Egypt

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/11/11 22:26:55