Cairo hosts EUROMED’s Capital Markets Annual Meetings Today

The annual meeting of Euro-Mediterranean (EUROMED) partnership for capital markets’ authorities kicks off today in Egypt.

The meeting, which Cairo hosts for two days, has been inaugurated by the chairman of Egypt’s market regulator, the Egyptian Financial Supervisory Authority’s (EFSA), Sherif Samy.

EUROMED Partnership encompasses the capital markets’ authorities of Egypt, Algeria, Tunisia, and Morocco, in addition to Spain, Portugal, Greece, Italy, France, and Turkey.

Samy clarified that the meetings would discuss the most important developments in the financial markets in the Member States during the last year and the latest results reached by different international organizations to activate supervision on financial markets and the implementation of the recommendations made by the Group of Twenty in this regard.

The meeting would also present the regulatory differences between Member States at the three levels namely: supervision on mutual funds, providing information related to the financial markets and fighting manipulation in the markets.

Moreover, the first day would include workshop that reviews the points of protecting capital market’s clients, studying legislations and regulations needed for enterprises’ governance, and disclosure and inspecting investments funds’ regulations and laws, especially mortgage funds, Samy said.