(Photo Courtesy of EFSA)
The Egyptian Financial Supervisory Authority (EFSA) is hosting the International Organization for Securities Commission’s (IOSCO) “Growth and Emerging Markets” meetings between 27 and 29 April.
IOSCO is the international body that brings together the world’s securities regulators and is recognised as the global standard setter for the securities sector, the EFSA highlighted.
Head of the EFSA Sherif Samy said that “the attendance of over 100 leaders and experts from 40 regulatory jurisdiction represents the largest gathering of capital markets regulators to take place in Egypt”.
The conference will tackle issues, such as how to deepen the bonds markets and foster securitisation. It will also discuss derivatives in emerging markets and how to unlock opportunities in exchange-traded funds (ETFs) in emerging markets.
The Egyptian Exchange approved the listing of ETFs for the first time in late 2014, with an initial value of EGP 10m. On the first day of the ETFs’ trade on 4 February, the market gained some EGP 6bn.
