Qatar aspires to play an active leadership role in the support of international initiatives that develop international best practice and harmonise national standards. It has actively sought to support the work of the three international financial standard-setters – the Basel Committee, IAIS and IOSCO. Each of these organisations undertakes an active program of outreach and Qatar has undertaken corresponding initiatives to host regional outreach meetings and attend meetings in the region.

Underpinning a broad network of strong bilateral relations with regulators in the GCC, strengthened contacts will be developed outside of the region on topics of mutual interest. International bodies have recently provided greater guidance on the role of home and host supervisors of cross-border banking groups. This initiative encourages the formation of cross-border supervisory colleges that share information and cooperate in order to effectively supervise financial institutions that operate as a group.