El-Sharkawy: Financial Products, EGX-listing Facilitating Key Factors For Market Boost

Dr. Ashraf El-Sharkawy – the Chairman of the Egyptian Financial Supervisory Authority (EFSA) – said attracting more investors to the market would be through presenting new financial products alongside protecting the firms listed in the Egyptian Exchange (EGX) and facilitating the listing rules through issuing appropriate regulations by the authority.

El-Sharkawy added that the EFSA in cooperation with other entities work on attracting further instruments to the Egyptian market so as to boost liquidity  and the volume of investments.

EFSA also works on activating the primary markets seeking to contribute to the revival of the bonds, securities and treasury bills markets, he added.

On EFSA’s role in issuing license for investment banks, El-Sharkawy said there are a number of measures and requirements necessary mentioned on the authority’s website. EFSA in overall takes into consideration the investment bank’s capital and employees’ expertise.