What is the Egyptian Financial Authority? Egyptian Financial Authority Review, Features

The Egyptian Financial Authority is responsible for supervising and regulating non-bank financial markets and instruments, including funding markets, foreign exchange, financial leasing, factoring, and securities trading.

About the Egyptian Monetary Authority

Egyptian Financial Supervisory Authority (EFSA)EFSA is a public institution with legal status, established in 2009 by Decree No. 10. This agency is responsible for supervising and regulating non-bank financial markets and instruments, including capital markets, foreign exchange, financial leasing, factoring and securities trading. EFSA was established to regulate the market, ensure market stability and competitiveness, and attract more local and foreign investment. EFSA is also authorized to manage risks and deal with problems arising from the application of different rules.

Functional services of the Egyptian Monetary Authority

1. Authorize non-bank financial activities.

2. Regulate the dissemination of information in non-bank financial markets.

3. Ensure transparency and fair competition in non-bank financial services.

4. Protect the rights and interests of non-bank market investors.

5. Limit market manipulation and fraud.