Latest news with #IOSCO
Daily News Egypt
17-05-2025
- Business
- Daily News Egypt
Egypt to host IOSCO's 2026 annual conference for first time
In a landmark achievement, Egypt—represented by the Financial Regulatory Authority (FRA)—has secured the bid to host the 51st Annual Conference of the International Organization of Securities Commissions (IOSCO) in 2026. This marks the first time in the country's history that it will host this prestigious global event, underscoring international recognition of Egypt's regulatory progress in non-banking financial markets, particularly in the capital markets sector. The announcement was made during IOSCO's 2025 annual meeting in Doha, Qatar, following a competitive selection process. Egypt's successful bid is the result of sustained efforts by the FRA to enhance the efficiency, transparency, and competitiveness of its capital markets, reinforcing international trust in the country's regulatory and supervisory framework. Set to take place in the city of Sharm El-Sheikh, the conference will serve as a premier global platform for high-level dialogue. It will bring together policymakers, financial regulators, and capital market leaders from around the world to address pressing issues in global financial markets and explore strategies to promote financial stability and sustainable economic growth. Hosting the IOSCO Annual Conference is a testament to the FRA's leadership in reforming the legislative and regulatory landscape of Egypt's financial sector. Key advancements include improving the investment climate, fostering transparency, embracing digital transformation, and promoting sustainable finance—efforts aligned with international best practices and standards. FRA Chairperson Mohamed Farid emphasized that Egypt's selection reflects global recognition of its reform trajectory and offers a unique opportunity to showcase the country's progress to the international financial community. He highlighted the conference as a strategic avenue for forging new partnerships that support emerging markets. To maximize the conference's impact, the FRA has extended invitations to local and international regulatory bodies, financial institutions, experts, and academics. The goal is to make the event a hub for knowledge exchange and international cooperation in capital market development. During the IOSCO meeting in Doha, the FRA presented a promotional video highlighting the touristic appeal and organizational capabilities of Sharm El-Sheikh, further reinforcing its readiness to host a world-class event. Farid described Egypt's selection as a vote of confidence by IOSCO members in the FRA's capacity to foster collaboration, support market development, and help member countries adapt to evolving market dynamics. He stressed the importance of integrating innovative technologies and refining market mechanisms to boost market resilience and growth. He also noted that hosting the IOSCO Annual Conference provides Egypt with a strategic platform to underscore its role as a regional financial hub and to amplify its reform experience on a global stage. IOSCO is the world's leading body for setting international standards in securities regulation, aimed at ensuring fairness, transparency, efficiency, and effective risk management across financial markets. The organization includes 229 members, representing about 95% of global securities regulators. Farid currently serves as Vice Chair of IOSCO and Chair of its Emerging Markets Committee. The IOSCO Annual Conference is one of the most influential global gatherings dedicated to the future of capital markets. It typically features discussions on financial technology, sustainable finance, digital assets, and global financial stability—bringing together a broad range of stakeholders from around the world.
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
50th IOSCO annual meet concludes in Doha
QNA Doha The 50th annual meeting of the International Organization of Securities Commissions (IOSCO), hosted by Qatar Financial Markets Authority (QFMA) over three days, concluded its schedule in Doha on Wednesday, with the participation of delegations of IOSCO member states and capital market experts from around the world. Participants in this important international event discussed the key challenges and opportunities in regulating and developing financial markets, and ways to enhance transparency and financial stability regionally and internationally. During the last day, representatives of IOSCO Member States and participants held a meeting of the IOSCO's Diversity Network and the MMoU MG + signing ceremony. A roundtable meeting was also held between the Organization for Economic Cooperation and Development (OECD) and the IOSCO. As part of the last day's activities, CEO of QFMA and Chairman of the IOSCO's Presidents Committee, Dr Tamy Bin Ahmad Al Binali, chaired the meeting of the Presidents Committee, which is one of the most important strategic meetings on the IOSCO agenda. The meeting was attended by IOSCO Secretary General Rodrigo Buenaventura and IOSCO Board Chair Jean-Paul Servais as well as the presence of the chairs of the IOSCO Committees and bodies, representatives of Member States, and many international financial institutions. During the Presidents Committee meeting, Dr Al Binali expressed his happiness at the presence of IOSCO members and participants in Doha, welcoming them to Doha. 'Today, Qatar stands as a regional and global hub where traditions dictate modern governance, and economic transformation is driven by a long-term vision, stability, and innovation,' he said. 'It is particularly fitting that we are gathering in Qatar to celebrate a significant milestone in the global regulatory landscape — the 50th Annual Meeting of IOSCO. For five decades, IOSCO has upheld the integrity of capital markets, promoting transparency, fairness, and resilience across various jurisdictions. 'As we look back on IOSCO's 50-year journey, let's consider how far we've come—from ticker tapes and trading pits to tokenized assets and decentralized exchanges. What used to take days now happens in seconds. 'What was once regional is now immediately global. IOSCO's evolution reflects this transformation. From a modest network of national regulators, it has become a global standard-setter, representing over 95% of the world's securities markets across 130 jurisdictions'. Dr. Al Binali continued, saying that throughout financial crises, systemic shocks, and waves of innovation, IOSCO has remained committed to its mission: to protect investors, uphold market integrity, and safeguard financial stability. Now, as we reach the frontier of artificial intelligence, crypto-assets, and real-time supervision, we are once again called to lead rather than simply react. He added that in 2023, global trading volumes in digital assets reached record levels, with some months exceeding USD 10 trillion. This trend highlights the rapid changes occurring in the market. At the same time, many financial institutions have reported using AI tools for various market functions. Regulators are also increasingly adopting AI to improve surveillance, compliance oversight, and data-driven supervision. These developments are not future trends; they are current realities. Dr. Al Binali explained that in response, IOSCO has taken significant action by issuing global guidance on the regulation of crypto-assets, decentralized finance, and the responsible use of AI in capital markets. 'However, the work ahead involves more than just creating rules. It is important to focus on implementation and capacity building. Most importantly, we must ensure that investor protection remains our top priority throughout this rapid transformation. 'From Qatar's perspective, our digital transformation is a strategic initiative that is closely aligned with our National Vision 2030. This vision places digital innovation at the core of a knowledge-based and globally connected economy. The Third Financial Sector Strategy supports this vision by highlighting the importance of fintech, digital resilience, and agile regulation'. He added that in line with these national strategies, the QFMA's 2023–2027 Strategic Plan focuses on several key areas, including a FinTech Sandbox, tokenization frameworks, smart contracts, robo-advisory services, and advanced regulatory technology (RegTech) and supervisory technology (SupTech) systems. Additionally, we collaborate with regional and global partners to ensure that our frameworks remain adaptive, compatible, and driven by innovation. This approach reflects Qatar's commitment to leading the way in establishing credible and future-ready digital regulations. Dr. Al Binali expressed that he strongly believes that IOSCO must evolve into the leader in building trust within digital capital markets. 'We need to establish principles that are not only relevant on a global scale but also prepare for the future, with a strong focus on protecting investors in every jurisdiction, regardless of size,' he said. 'Let this meeting mark an important moment where we commit to guiding the digital age with courage, clarity, and a united determination. The future of global capital markets is being shaped now; Let us write it together — wisely, boldly, and in the service of those we are here to protect'. During the Presidents Committee meeting, they addressed IOSCO's 50-year legacy and priorities. The meeting dealt with the IOSCO general policies and ways to coordinate efforts among members to contribute to enhancing the efficiency and fairness of global capital markets. They also discussed the presentation of the IOSCO leadership report on IOSCO's work since the last Annual Meeting. The Presidents Committee meeting also witnessed a public discussion moderated by the IOSCO Secretary General covering Suptech, Artificial Intelligence, and Crypto Regulation—including implementation and capacity building. For their part, the participants in the meeting praised the good organization and hospitality of Qatar, stressing the importance of continuing such meetings to enhance cooperation and exchange of experiences among the global capital markets regulator. The 50th IOSCO annual meeting was attended by a group of many decision-makers, representatives of global regulators and experts in capital markets. IOSCO is one of the key international organizations concerned with regulating and developing capital markets and enhancing cooperation among global capital market regulators. Its membership includes more than 130 regulators around the world, working to enhance transparency, protect investors, and ensure the stability of international capital markets.
The Star
14-05-2025
- Business
- The Star
SC signs IOSCO EMMoU to strengthen market integrity, safeguard investor interests
KUALA LUMPUR: The Securities Commission Malaysia (SC) today signed the International Organisation of Securities Commissions' (IOSCO) Enhanced Multilateral Memorandum of Understanding concerning consultation and cooperation and the exchange of information (EMMoU), highlighting its commitment towards maintaining market integrity and safeguarding investor interests. SC chairman Datuk Mohammad Faiz Azmi said the EMMoU also demonstrates the SC's unwavering support regarding international enforcement cooperation. "This is very timely as the increasingly interconnected nature of global financial markets necessitates international cooperation to address issues such as securities fraud,' he said in a statement today. The signing ceremony was held in conjunction with IOSCO's annual meeting, where the SC, the Capital Markets Authority (CMA), Kenya and Comisión Nacional del Mercado de Valores (CNMV), Spain joined the 27 IOSCO members who are already signatories of the EMMoU. The EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase the effectiveness of investigation and enforcement. Mohammad Faiz signed the EMMoU in the presence of IOSCO members during the last day of the IOSCO Annual Meeting, which ran from 12-14 May 2025 in Doha, Qatar. The IOSCO annual meeting is a key forum where members discuss important issues related to global securities and futures markets. The meeting serves as a platform for sharing information, coordinating the enforcement of securities regulations, and implementing common standards, aiming to strengthen the global regulatory framework for financial markets. - Bernama
Zawya
14-05-2025
- Business
- Zawya
Qatar: Draft regulation on AI use in financial market to be issued soon
Doha: Qatar Financial Markets Authority (QFMA) is planning to issue a draft regulation on AI use in Qatar's financial market. In a statement to Qatar News Agency (QNA), Acting Director of Securities Offering and Listing Affairs Department at QFMA Ali Beraik Shafeea said AI currently presents both opportunities and challenges for regulatory authorities. He noted that it is essential to understand this technology to regulate its use. The regulatory authority has projects to regulate the use of AI in the State of Qatar, with the first draft regulation for its usage expected to be issued soon, he said. This came on the sidelines of the 50th Annual Meeting of the International Organization of Securities Commissions (IOSCO), taking place in Qatar from May 12 - 14. Shafeea added that Qatar's hosting of the IOSCO - which regulates 95 percent of the world's securities markets - is a milestone and boosts investor confidence in the Qatari capital market. He added that several projects will be discussed, including capacity building for countries in need of legislative and technical support, financial sustainability, how to invest in an environmentally friendly manner, and topics related to financial technology. Shafeea also highlighted QFMA's 63-initiative strategy (2023-2027) and its 98- initiative financial sector strategy, to regulate new financial products, including AI. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
13-05-2025
- Business
- Daily News Egypt
Egypt's FRA chair highlights regional cooperation at IOSCO Africa–Middle East meeting
Mohamed Farid, Chairperson of Egypt's Financial Regulatory Authority (FRA), participated in the Africa/Middle-East Regional Committee (AMERC) meeting during the 50th Annual Meeting and Conference of the International Organization of Securities Commissions (IOSCO), held in Doha from 12 to 16 May. The event was hosted by the Qatar Financial Markets Authority. Farid emphasized the importance of strengthening cooperation among capital market regulators in the region, stating, 'We aim to enhance cooperation among capital market regulators to support their stability and protect investor rights.' AMERC is one of four regional committees established by IOSCO to address region-specific issues related to securities regulation. The Africa/Middle East group includes 42 members from regulatory bodies across North Africa and the Middle East. Farid participated in his dual capacity as Chairperson of IOSCO's Growth and Emerging Markets Committee and Vice Chair of the IOSCO Board. In his address, Farid noted that the meeting takes place amid 'unprecedented transformations in the nature of financial market operations, driven by technological advancements and geopolitical changes.' He stressed that these shifts make it essential for regulators to enhance both regional and international cooperation to confront emerging challenges, ensure market stability, and safeguard investor rights. He described the meeting as a vital platform for exchanging perspectives on regional risks and shared challenges. 'It is an opportunity to reaffirm the importance of deepening cooperation to achieve integration and balance among capital markets in the region,' he said. Farid also underscored the urgency of developing robust regulatory frameworks that protect individual investors—especially in light of the rapid spread of digital tools in financial transactions. He warned that while digitalization creates significant opportunities, it also brings risks such as misinformation and market manipulation. Regulatory bodies, he explained, are actively working to address these challenges through the development of advanced oversight mechanisms and the implementation of financial literacy programs to help investors make informed decisions. Highlighting the role of financial technology (fintech), Farid described it as 'a pivotal element in the development of capital markets,' contributing to broader financial inclusion and the expansion of investor participation. However, he emphasized that innovation must occur within a balanced regulatory framework that preserves trust and market security. Turning to sustainability, Farid asserted that ESG considerations are 'no longer a regulatory luxury but an economic necessity.' He pointed to the importance of integrating Environmental, Social, and Governance criteria into investment decisions, noting their contribution to the long-term resilience of financial markets. Regulatory authorities, he added, are promoting sustainability-related disclosures and developing innovative financial instruments such as green bonds and sustainable investment funds. The IOSCO AMERC meeting comes at a time of rapid evolution in global financial systems. Its agenda includes key discussions on investor protection in the digital era, updates on systemic and regional risk assessments, country-level regulatory developments, and ongoing efforts to enhance frameworks for fintech and sustainability.
