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Egyptian Financial Supervisory Authority
The Egyptian Financial Supervisory Authority (EFSA) ((アラビア語:لهيئة العامة للرقابة المالية)) is the integrated government agency that regulates the financial service industry in Egypt. EFSA supervises all non-banking financial transactions and markets including capital markets, derivative markets, commodities, insurance, mortgage finance, financial leasing, factoring and securitization.
==History==
With the passing of Law no. 10, 2009, issued on February 25, 2009, EFSA was established and became operationally effective on July 1, 2009. EFSA replaced three major regulating authorities: the Capital Market Authority (CMA), the Egyptian Insurance Supervisory Authority (EISA), and the Mortgage Finance Authority (MFA). This unification was intended to foster Egypt's financial sector.
Establishing the new authority is part of at a series of reforms aimed to strengthen the stability and security of the non-banking financial sector in Egypt and its interoperability with the banking sector. This move came against a backdrop of the global economic and financial crisis of 2007–2010 which highlighted the need for integrity and transparency in financial markets.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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