Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, chaired the virtual meeting of the Board of Directors of the International Organization of Securities Commissions, which was held to elect the new leadership of the organization’s Board of Directors for the period 2026-2028.

The elections resulted in the re-election of Jean-Paul Serve, President of the Belgian Financial Services and Markets Authority, as Chairman of the Board of the International Organization of Securities Commissions for a third term. Toshiyuki Miyoshi, Grant Vingo, and Mark T. Ueda were elected as Vice-Chairmen of the Board.

Dr. Islam Azzam serves as Vice Chairman of the Board of Directors of the organization by virtue of his position as Chairman of the Emerging Markets and Developing Markets Committee (GEMC) of the organization, which is the largest committee of the organization and represents more than 70% of its membership, including ten members from the G20.

The meeting also witnessed the election of the heads of the organization’s regional committees, with Waleed Saeed Al-Awadhi assuming the presidency of the Africa and Middle East Committee, Julia Leung assuming the presidency of the Asia and Pacific Committee, Jean-Paul Servey assuming the presidency of the European Regional Committee, and Cristina Rolle assuming the presidency of the Americas Regional Committee.

Dr. Islam Azzam affirmed that the continued participation of the Financial Regulatory Authority in the work and boards of directors of international organizations concerned with regulating financial markets reflects the advanced position that Egypt enjoys within international forums, and enhances the Authority’s role in supporting efforts to develop regulatory and supervisory frameworks for non-banking financial markets, which contributes to enhancing market efficiency, protecting the rights of traders, and supporting financial stability.

He added that Egypt’s chairmanship of the Emerging Markets Committee of the organization represents an important opportunity to convey the visions and experiences of emerging markets to international regulatory discussions, which supports the exchange of experiences and best regulatory practices, and enhances international cooperation in facing the challenges and rapid changes witnessed by global financial markets.

The International Organization of Securities Commissions (IOSCO) is the leading international forum for securities market policymakers and regulators, and the global standard-setting body for financial markets, whose members represent regulators overseeing more than 99% of securities markets globally across more than 130 jurisdictions