Islam Azzam, Chairperson of the Monetary Regulatory Authority (FRA), won a Russian delegation headed by way of Alexey Guznov, Deputy Governor of the Central Financial institution of Russia, within the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant Chairperson of the Authority; and Abeer Saleh, Adviser to the FRA Chairperson.
All the way through the assembly, the 2 facets mentioned possibilities for cooperation within the insurance coverage sector and different spaces of mutual passion. The discussions highlighted the overlap between the mandates of the Central Financial institution of Russia and Egypt’s Monetary Regulatory Authority in numerous fields, together with insurance coverage, finance, and the promotion of monetary literacy.
The assembly additionally reviewed contemporary trends in non-banking monetary markets in each Egypt and Russia, in addition to alternatives to toughen coordination and change experience, in particular in gentle of each international locations’ club within the BRICS grouping and the shared targets amongst its member states.
Azzam reaffirmed the FRA’s dedication to bettering cooperation with world regulatory and monetary establishments in a fashion that helps to keep tempo with world trends, helps the expansion of non-banking monetary actions in Egypt, and promotes innovation and sustainable building around the sector.
For his section, Guznov mentioned Egyptian-Russian members of the family proceed to advance throughout more than a few fields, supported by way of the shared dedication of the political management in each international locations. He famous that this momentum creates beneficial prerequisites for increasing financial cooperation and strengthening ties between Cairo and Moscow.
