Financial Control Authority and Central Auditing Organization Sign Institutional Cooperation Memorandum to Strengthen Regulatory Integration

The General Authority for Financial Supervision and the Central Audit Authority have signed a memorandum of understanding to strengthen institutional cooperation in regulatory, organizational, and technical fields. The aim is to enhance supervisory efficiency and develop the non-banking financial markets in accordance with governance and transparency principles, while supporting Egypt's strategy outlined in Vision 2030. This step comes at a time when Egypt holds the presidencies of both INTOSAI and IOSCO, boosting its international presence and reflecting strategic coordination to improve supervisory performance and support economic development. The memorandum includes the exchange of expertise, the formation of joint working groups, and the implementation of capacity-building programs, all focused on enhancing regulatory performance and safeguarding financial stability.