FRA launches 2nd phase of 2022-2026 strategy

CAIRO - 30 May 2022:The Financial Regulatory Authority (FRA) launched on Monday the second phase of its 2022-2026 strategy meant to develop non-banking financial activities.

 

Speaking at a press conference, FRA Chairman Mohamed Farid said the strategy is based on six main axes related to the non-banking financial sector.

 

He added that these axes are interconnected to achieve the desired goals, which are in line with Egypt Vision 2030.

 

Omran pointed out that such axes are meant to enhance the use of financial technology, achieve financial inclusion, manage risks, develop the legislative structure, reinforce financial literacy and upgrade markets.