New Financial Regulatory Authority board ratified
The Financial Regulatory Authority’s new board has been ratified, according to Youm7. The seven-member board got sign off from Prime Minister Sherif Ismail yesterday. Members include Vice Minister of Finance Mohamed Mait and a deputy central bank governor that CBE chief Tarek Amer will select. The board is expected to get to work on executive regulations for the Capital Markets Act, completing the Insurance Act, and drafting legislation that would grant FRA new autonomy.