Tarek Yahia El-Sherbiny
6 October
Summary
Regulatory governance professional with over 8 years of experience in central banking and financial regulatory supervision. Expertise in the regulation, licensing, and oversight of Payment System Operators and Payment Service Providers at the Central Bank of Egypt. Skilled in analyzing legal and financial documentation, preparing regulatory memoranda, and contributing to regulatory frameworks, with a strong foundation in corporate governance and internal control.
Overview
8
8
years of professional experience
1
1
Certificate
Work History
Payment Systems & Services Overseer
Central Bank of Egypt
Giza
09.2023 - Current
- Contribute to regulatory compliance of Payment System Operators (PSOs) and Payment Service Providers (PSPs) within Egyptian payment systems and services market.
- Developed and issued policies, rules, regulatory requirements, and supervisory expectations for payment system operators and payment service providers, aligning with applicable laws and international best practices.
- Monitor and assess the compliance of regulated payment institutions with applicable rules, licensing conditions, governance requirements, and regulatory obligations.
- Review licensing and registration applications submitted by payment institutions, including requests related to new payment services, payment systems, operational changes, and amendments to licensed activities.
- Assess regulatory submissions covering ownership structures, governance arrangements, legal documents, financial information, business models, and supporting documentation.
- Prepare regulatory studies, memoranda, technical notes, and recommendations to support decision-making on licensing, registration, ownership changes, and regulatory approvals.
- Contribute to the development of regulatory frameworks aimed at strengthening governance, internal control, accountability, safety, efficiency, and soundness in the payment systems and services sector.
- Contributed to the establishment of the General Administration for Payment Systems and Services within the Banking Operations Sector at the Central Bank of Egypt.
- Coordinate and exchange information with relevant competent authorities inside and outside Egypt, where required, to support supervisory and regulatory objectives.
- Communicate formally with regulated institutions to request documents, clarify regulatory requirements, obtain additional information, and follow up on outstanding matters.
- Support regulatory reviews related to key officials, ownership changes, corporate actions, and institutional readiness for licensing or registration.
Central Department of Corporate Governance
Financial Regulatory Authority
06.2018 - 09.2023
- Supervised and monitored the compliance of regulated companies with applicable laws, executive regulations, FRA resolutions, and corporate governance requirements.
- Evaluated governance practices of FRA-supervised companies, focusing on board composition, board committees, committee terms of reference, governance reports, and internal governance structures to ensure regulatory compliance.
- Reviewed and verified compliance with financial standards and regulatory requirements for non-bank financial activities.
- Supervised and approved matters related to general assemblies and boards of directors in accordance with applicable laws and regulatory decisions.
- Facilitated regulatory communication with companies on governance deficiencies, outlining necessary corrective actions and compliance obligations to enhance adherence to regulations.
- Assessed compliance with licensing controls and qualification requirements applicable to managers and employees of companies subject to FRA supervision.
- Assessed the effectiveness of internal control systems and followed up on the application of internal policies, procedures, and regulatory requirements.
- Participated in election committees chaired or supervised by the Authority, supporting governance-related procedures and regulatory compliance.
- Analyzed disclosures published on Egyptian Exchange and Nile Stock Exchange, coordinating with companies to rectify violations and achieve compliance with regulatory standards.
- Reviewed and supported the preparation of governance-related guidance materials to help regulated entities understand the services and requirements of the Corporate Governance Department.
Central Department of Investors’ Complaints
Financial Regulatory Authority
09.2018 - 12.2018
- Received and examined investor complaints against brokerage firms and portfolio management companies to ensure compliance and protect investor rights.
- Conducted technical and legal examination of complaint matters and coordinated with conflicting parties to obtain clarifications and supporting information.
- Verified the completeness of complaint files, supporting documents, and relevant evidence submitted by concerned parties.
- Prepared case studies and recommendations for Authority Chairman to facilitate informed decision-making and regulatory compliance.
- Followed up on the implementation of approved decisions and related regulatory actions.
Central Administration for Microfinance
Financial Regulatory Authority
07.2018 - 09.2018
- Supported assessments of microfinance innovations in Egypt and other markets to evaluate implementation effectiveness and impact.
- Coordinated with project partners to facilitate monitoring, follow-up, and reporting activities throughout project implementation.
- Prepared monitoring and evaluation reports to inform stakeholders on microfinance-related project status and outcomes.
Education
Master of Science in Accounting and Management– In Progress -
Mansoura University – Faculty of Commerce
04-2026
Bachelor’s Degree - Accounting and Management
Mansoura University – Faculty of Commerce
01-2016
Skills
- Regulatory supervision and drafting
- Licensing and registration oversight
- Payment institutions management
- Ownership structure evaluation
- Governance and internal controls
- Fit and proper assessments
- AML/CTF compliance awareness
- Gap analysis and assessment
- Benchmarking practices
- Stakeholder engagement and consultation
- Regulatory memoranda preparation
- Legal and financial document review
- Supervisory methodologies development
Certification
- Cambridge Open Banking & Finance Programme (COBOF).
Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge, 10/01/25, Eight-week Executive Education Programme focusing on Open Banking, Open Finance, alternative finance, regulatory frameworks, financial innovation, FinTech business models, data sharing, digital financial services, and capstone project work. - Professional Certificate in Banking Compliance.
Egyptian Banking Institute – EBI | Central Bank of Egypt, 07/01/25, Assessment-based professional certificate including three examinations. - Integrated Electronic Payment Technology.
Egyptian Banking Institute – EBI | Central Bank of Egypt, 10/01/24, Focus areas: Electronic Fund Transfer, ATM and POS technology, payment switches, communication protocols, Visa and MasterCard transaction processing, card payment types, online transactions, mobile payments, payment security, chargebacks, presentments, adjustments, clearing, settlement, and reconciliation. - Certified Financial Awareness Trainer.
Financial Services Institute – FSI, 05/01/22. - Financial Risk Management and Risk-Based Supervision.
Frankfurt School of Finance & Management, 06/30/21. - Key Performance Indicators for ESG Disclosures and Climate-Related Disclosures.
Frankfurt School of Finance & Management, 04/30/21. - Road to Sustainability Training Workshop.
Financial Services Institute – FSI and PATRIOT Sustainability Consultancy, 09/30/19. - Certified Expert in Corporate Governance – Professional Certificate.
Egyptian Institute of Directors – EIoD, 04/30/19.
Timeline
Payment Systems & Services Overseer
Central Bank of Egypt
09.2023 - Current
Central Department of Investors’ Complaints
Financial Regulatory Authority
09.2018 - 12.2018
Central Administration for Microfinance
Financial Regulatory Authority
07.2018 - 09.2018
Central Department of Corporate Governance
Financial Regulatory Authority
06.2018 - 09.2023
Master of Science in Accounting and Management– In Progress -
Mansoura University – Faculty of Commerce
Bachelor’s Degree - Accounting and Management
Mansoura University – Faculty of Commerce
Languages
- Arabic, Native
- English, Professional Working Proficiency
Personal Information
Nationality: Egyptian
Selected Projects
- Fit and Proper Criteria Framework for Key Officials in PSOs and PSPs, Central Bank of Egypt, August 2025, Developed regulatory standards for the Fit and Proper Criteria applicable to key officials within Payment System Operators and Payment Service Providers.
- Governance and Internal Control Framework for PSOs and PSPs, Central Bank of Egypt, August 2025, Contributed to the development of the Governance and Internal Control Framework for Payment System Operators and Payment Service Providers.
- Rules for Licensing and Registration of PSOs and PSPs, Central Bank of Egypt, June 2025, contributed to the development and drafting of comprehensive rules governing the licensing and registration of Payment System Operators and Payment Service Providers.
- Governance Services Guide, Egyptian Financial Regulatory Authority, 2019, Reviewed and supported the drafting of a governance services guide issued by the Egyptian Financial Regulatory Authority.
Languages
- Arabic, Native
- English, Professional Working Proficiency
Personal Information
Nationality: Egyptian