FRA explores AI integration in insurance, investment funds: Farid
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has announced that a study is underway to facilitate the use of artificial intelligence (AI) algorithms in insurance and investment fund activities. These technologies will enable more efficient comparisons between investment
FRA introduces new regulations for non-banking financial institutions under its supervision
The Board of Directors of the Financial Regulatory Authority (FRA), headed by Mohamed Farid, has issued new regulations aimed at regulating the operations of non-banking financial institutions under its supervision. One of the key decisions is Decision No. 256 of
FRA introduces new rules for securities not listed on EGX
The Board of Directors of the Financial Regulatory Authority (FRA), led by Mohamed Farid, has issued Decision No. 303 of 2024, amending the rules for handling securities not listed on the Egyptian Exchange (EGX). This decision updates the FRA’s previous
Legislative, regulatory overhaul to enhance insurance’s role in Egypt’s economy: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), engaged in a broad and insightful conversation with the Insurance Committee of the American Chamber of Commerce, discussing the FRA’s strategy and its comprehensive policies designed to elevate the insurance sector’s
Egypt sets new minimum capital requirements for insurers
The Board of Directors of Egypt’s Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decree No. 196 of 2024, setting new minimum capital requirements for insurance companies. The decree implements provisions of the Unified Insurance Law issued in
Striving to digitize real estate appraisal nationwide: FRA Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), highlighted the Authority’s ongoing efforts to digitize real estate appraisal by developing electronic applications to assist appraisers in various regions. These applications will include all the necessary details for issuing appraisal
NUCA issues securitization bonds exceeding EGP 40bn: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has highlighted the importance of securitization mechanisms for real estate companies, citing the New Urban Communities Authority (NUCA) as an example. He revealed that NUCA had issued securitization bonds exceeding EGP
FRA establishes quality, qehavioral standards for registered auditors
The Financial Regulatgory Authority (FRA), chaired by Mohamed Farid, issued Resolution No. 174 and 175 of 2024 regarding the development of quality and behavioral rules for the work of auditors registered in the Authority’s records. This is within the framework
Qualified entities for NBFC licences must have data protection systems: FRA
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), and Ibrahim Sarhan, Chairperson of e-finance, have participated in a panel discussion at the 28th Cairo International Exhibition for Communications and Information Technology (Cairo ICT). Farid said that the Authority
FRA continues formulating necessary policies to enhance efficiency, competitiveness of insurance sector: Farid
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), delivered the keynote speech at the sixth annual Insurance and Reinsurance Forum in Sharm El-Sheikh, organized by the Insurance Federation of Egypt, under the title “A Future Vision for Developing the