Monday, April 27, 2015

#Egypt hosts annual meeting of financial regulators from emerging markets

Forty financial regulators will discuss how to develop derivatives, ETFs and bond markets within their countries

IOSCO

The first meeting held on Monday 27th April, 2015 in Cairo, Egypt.Photo courtesy to Egypt's Financial Supervisory Authority (EFSA)

Emerging market financial regulators began their annual meeting on Monday, hosted for the first time by Egypt’s financial regulator (EFSA) in Cairo, to discuss the development of financial tools and managing risks.

Forty financial regulators representing the Growth and Emerging Markets (GEM) division in the International Organization for Securities Commissions (IOSCO) will be discussing means to develop derivatives, ETFs and bond markets within their countries.

The three-day event begins with a workshop for all attending IOSCO members on Monday on managing crises, followed by a roundtable for GEM members and their guests on Tuesday, and a public conference on Wednesday.

“Speakers for the roundtable include the IMF and industry participants from Blackrock and Ernst & Young,” said IOSCO GEM chairperson Ranjit Ajit Singh.

Egypt’s investment minister, Ashraf Salman, will join Singh and the financial regulator head Sherif Samy in opening the public conference on Wednesday.

The IOSCO members, who cover over 120 countries, meet every year to set the global standards for the securities sector, with the 2015 meeting expected in June in London in the United Kingdom.