Financial Regulatory Authority FRA
Ismail Derbala currently serves as the Head of Operations at MAYDAY - Assistance Services since August 2018, where responsibilities include developing and executing operational strategies while leading the operations team. In March 2024, Ismail took on the role of Operations Manager at the Financial Regulatory Authority FRA. Previous experience includes positions such as Co-Founder of Derbala Transport from January 2016 to February 2022, and various roles at Careem, including Supply Chain Operations and Call Center Team Lead. Additionally, experience encompasses a stint as a Creative Copywriter at Madenty.net and a Customer Care Executive at Vodafone. Ismail holds a Bachelor's degree in Business Administration from Future University in Egypt, earned in 2017.
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Financial Regulatory Authority FRA
The Financial Regulatory Authority is a public Authority, having a legal status, established in accordance to law 10 of the year 2009. The Authority is responsible for supervising and regulating non-banking financial markets and instruments, including the Capital Market, the Exchange, all activities related to Insurance Services, Mortgage Finance, Financial Leasing, Factoring and Securitization. FRA's role is to regulate the market and ensure its stability and competitiveness to attract more local and foreign investments " The mandate of the Authority also includes limiting inconsistency risks and addressing problems arising from applying different supervisory rules". The Financial Regulatory Authority is replace the Egyptian Insurance Supervisory Authority, the Capital Market Authority, and the Mortgage Finance Authority in application of the provisions of the supervision and regulation of Insurance law no. 10 of 1981, the Capital Market law no. 95 of 1992, the Depository and Central registry law no. 93 of 2000, the Mortgage Finance law no. 148 of 2001, as well as other related laws and decrees that are part of the mandates of the above authorities. FRA is also the admin authority for companies established under the provisions of law of financial leasing issued by law no.95 for year 1995