Latest in Tag: Financial Regulatory Authority Highlight
Latest in Tag: Financial Regulatory Authority
Egypt’s Al-Sisi amends Capital Market Law
This will be of great help to the funding issue. It is important to note that these projects have become a requirement of daily life, which means that citizens’ demand for them will not wane.
Egypt’s Financial Regulatory Authority explores boosting MSME financing
New mechanism considered to allow agency, partnership agreements between micro enterprises, banks
Financial Regulatory Authority announces 2020 Excellence Award winners
Awards granted for most distinguished women leaders
Egypt financial regulator, investment banks discuss stimulating corporate bonds trading
EGX enjoys competitive investment environment among global markets as least expensive, says Mohamed Omran
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
Egypt offers incentives for non-banking financial activities aimed at supporting women
FRA granted non-banking financial activities companies 50% reduction in development fee or service charge according to percentage of women they employ
Financial Regulatory Authority approves 7 securitisation bond issuances worth EGP 10bn
Expected volume of securitization bond issuances to reach EGP 25bn by 2020 end: FRA Chief
Private insurance fund investments increase 2% to EGP 1.03bn in August: FRA
Total of EGP 6.9bn in investments made to insurance funds in first 8 months of 2020
Egypt mortgage finance drops 84.2% in April
Mortgage Finance Fund did not provide any funds during April, says FRA
FRA issues financial solvency standards for consumer financiers
Solvency standards set minimum capital adequacy to meet credit. operating risks at consumer finance companies
FRA to test non-banking financial sector’s tolerance to COVID-19 ramifications
The request was put forward by the coronavirus crisis management team to ensure the sector can continue functioning given the current circumstances.
Movable asset-based financing by natural persons comes into effect: FRA
Amendments to executive regulations allow for greater funding opportunities for SMEs, says Omran
FRA discusses impact of postponing credit obligations on securitisation bonds
Mortgage finance, financial leasing, and factoring companies have postponed credit dues for their clients for a period of six months. Clients in these sectors have also been exempted from delaying fines.
Mandatory purchase offer must be made for TE’s share: FRA
The FRA source told Daily News Egypt (DNE) that the FRA was not officially notified by any company of the updates yet.
FRA reviews most important achievements in 2019
Securitisation bond issuances reach 18 of about EGP 22bn last year
Total mortgage finance in Egypt increases 67.6% in 3Q of 2019
MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA
FRA launches NBFIs national strategy, introduces five financial laws to parliament’s current session: Omran
Stakes in four companies to be offered on EGX before 31 March 2020, including Banque du Caire
FRA approves establishing Regional Centre for Sustainable Finance by presidential decree
Centre aims to raise awareness of sustainable development and promote a green economy culture within financial sector: Omran
FRA approves trading fees reduction on EGX transactions to boost investment
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
Egypt prepares draft law to oblige men to insure their ex-wives
“Divorced woman to be paid insurance benefits immediately after divorce,” says deputy chairperson of FRA
Microfinance balances increase to EGP 13.79bn end-June: FRA
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Broker Care Insurance Brokerage targets EGP 20m premiums in FY 2020
Broker Care obtained the operating license from the FRA on 7 July, appointing Abu Hagar as chairperson.
HC starts utilising short selling mechanism
Egyptian market moving toward competing with its counterparts in world’s money markets: Shoukry
Acumen sues FRA for EGP 20m over damages to brand reputation
The company demanded a compensation of EGP 20m for damages suffered as a result of the defamation of the company’s reputation within the stock market.
Value of mortgage finance drops to EGP 440.7m during Q1 2019
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
FRA considers new amendments to short selling controls
Proposed amendments include offering shares for borrowing through MCDR
Consumer financing activity under control
Activities worth EGP 70bn to experience first legislative framework ever
Total activities of micro finance portfolio reach value of EGP11.5bn in 2018: FRA
FRA chairperson praised vital role played by stakeholders operating in micro finance
Insurance companies’ net investments see 16.1% increase in FY 2017/18
Value of investments in private insurance funds reaches EGP 70 bn during last year
FRA approves draft law to regulate consumer credit activities
Only companies licensed by FRA, with capital of EGP 10m or more can operate