There is a clear recognition of the importance of close and effective cooperation between regulatory authorities that operate within the same country. The regulatory authorities in Qatar recognise the importance of working together and are committed to strengthening the form and substance of their cooperation. Indeed, at the level of governance, the three regulators are aligned by the Governor’s role as Chairman of each authority.

The Gulf Cooperation Council (GCC), which was founded in 1981, provides the framework within which its members can work more closely together with a view to the objective of financial and economic cooperation. Enhanced cooperation between GCC countries on issues related to financial sector regulation can lead to greater competitiveness and to making the region more attractive to foreign investors.

Greater involvement with international bodies – for example the QFMA succeeding at securing IOSCO membership - will further support the development of a sound regulatory framework in Qatar.