Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received a Russian delegation headed by Alexey Guznov, Deputy Governor of the Central Bank of Russia, in the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant Chairperson of the Authority; and Abeer Saleh, Adviser to the FRA Chairperson. During the meeting, the two sides discussed prospects for cooperation in the insurance sector and other areas of mutual interest. The discussions highlighted the overlap between the mandates of the Central Bank of Russia and Egypt’s Financial Regulatory Authority in several fields, including insurance, finance, and the promotion of financial literacy. The meeting also reviewed recent developments in non-banking financial markets in both Egypt and Russia, as well as opportunities to strengthen coordination and exchange expertise, particularly in light of both countries’ membership in the BRICS grouping and the shared objectives among its member states. Azzam reaffirmed the FRA’s commitment to enhancing cooperation with international regulatory and financial institutions in a manner that keeps pace with global developments, supports the growth of non-banking financial activities in Egypt, and promotes innovation and sustainable development across the sector. For his part, Guznov said Egyptian-Russian relations continue to advance across various fields, supported by the shared commitment of the political leadership in both countries. He noted that this momentum creates favourable conditions for expanding economic cooperation and strengthening ties between Cairo and Moscow.The post FRA chairperson discusses insurance sector cooperation with Russian central bank deputy governor first appeared on Dailynewsegypt.
