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With strategic goal 1, to enhance financial sector to finance as well as demand-side actions such as
A Shared Strategy for regulation and promote regulatory co-operation, promoting financial literacy. It is the State’s intent
the plan stipulates the need for Qatar’s financial to ensure access to a full range of high-quality, cost-
Financial Sector Regulation regulations to be benchmarked to international effective and appropriate financial services to unbanked
regulatory standards as a means to promote financial
or under-served populations and businesses.
stability and support long-term sustainable growth.
Developing human capital, strategic goal 5, seeks
Issued in 2017, the Second Strategic Plan for Financial Strategic goal 2, to develop financial markets and to nurture and develop Qatar’s growing young
Sector Regulation 2017-2022 in Qatar provides the foster financial innovation, has market infrastructure population, a key resource for long-term sustainable
financial community and policymakers with a clear initiatives at its heart. The plan calls for the QCB, the growth with a focus on the Qatar National Vision
roadmap to navigate the opportunities and challenges QFMA and the QFCRA to introduce an extended range 2030. The regulatory authorities are committed to
that lie ahead in 2022. It continues and expands upon of instruments to manage domestic liquidity and the development of young Qataris in the banking
the work that began in 2013 with the First Strategic promote secondary market development. This goal and financial sector and to equipping them with the
Plan for Financial Sector Regulation 2013-2016. leverages the benefits of FinTech and green financing required skills through specialised programmes
to create an environment that facilitates innovation and effective talent management. The dedicated
Qatar’s three financial regulators, the Qatar Central Bank in the financial sector while minimising risk. professionals that emerge as a result of these actions
(QCB), the Qatar Financial Markets Authority (QFMA) will form a strong pipeline of leadership that will
and the QFCRA, share the plan’s mission: to deliver a To maintain the integrity of Qatar’s financial system, serve Qatar’s financial sector for decades to come.
robust and efficient financial regulatory framework that as well as confidence in its workings, the objective of
supports economic prosperity, safeguards financial strategic goal 3 is to ensure that the State’s financial In addition to building deeper and more resilient
stability and is aligned with international standards and institutions and markets are resilient, self-reliant and capital and financial markets, the accomplishment of
best practice. As well as the mission, the shared vision, provide a platform for future growth in a sustainable these goals will assist in driving economic growth and
values and strategic goals underpin a common approach manner. Qatar is committed to combatting illicit financing diversification while nurturing greater self-sufficiency
to strengthening the financial sector and fostering strong and ensuring that financial sector information and of Qatar’s financial sector and the economy.
and stable economic growth over the coming years. infrastructure are safeguarded from cyber incidents. This
goal also supports the National Anti-Money Laundering
The strategic plan was developed within the context and Terrorist Financing Committee’s AML/CFT strategy
of the overall objectives of both the Second National and implementation of the new Financial Sector
Development Strategy 2018-2022 and the Qatar Information Security Strategy to mitigate cybercrime.
National Vision 2030. The plan’s five strategic goals
are: to enhance financial sector regulation and promote Strategic goal 4 promotes financial inclusion and
regulatory co-operation; to develop financial markets financial literacy as key policies to drive sustainable
and foster financial innovation; to maintain integrity growth, create employment opportunities, reduce
of, and confidence in, the financial system; to promote inequality and safeguard financial stability. This goal
financial inclusion; and to develop human capital. considers supply-side measures such as access
