According to the commission’s head, Mohamed Farid, the financial supervisory authority in Egypt focuses on the development of four sectors, including digital transformation, not -banking financial activities, the voluntary carbon market and the insurance sector. He explained in an interview with “Al -Sharq” that the government has issued laws to regulate the use of technology in the financial sector, and decisions related to the requirements of technological structure and cyber security. Farid added that the voluntary carbon market is one of the sectors that the government works to develop by introducing organized regulations and launching promotional campaigns to introduce it. He continued that the government also focused its effort to develop the insurance sector by instituting the rules of corporate governance and the requirements of financial origin to coincide with international standards.
Head of Egyptian financial control: We focus on the development of four sectors
