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FRA considers partnership with EBRD for stock exchange reform
The Egyptian Financial Regulatory Authority intends to collaborate with the European Bank for Reconstruction and Development (EBRD) to enhance efforts to develop the capital market and convert the Egyptian stock exchange into a joint-stock company. The two parties discussed regulatory updates including the central lending system and the market maker mechanism to stimulate liquidity and improve pricing efficiency, as well as the implementation of international standards such as Basel III and Solvency II to increase transparency and financial strength. Additionally, they agreed to continue coordination to support the non-banking financial sector and enhance its attractiveness to investors, within Egypt's Vision 2030 for sustainable economic growth.
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