Page 8 - Annual Report 2021 EN

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The Financial Stability and
Risk Control Committee
The Financial Stability and Risk Control Committee
(FSRCC) was created under Law No. 13 of 2012,
Article 116. The committee was formed to enhance
co-operation and information exchange among
Qatar’s three regulators: the QCB, the QFMA and the
QFCRA. The committee is chaired by His Excellency
the Governor of the QCB. Its membership includes the
Chief Executive Officers of the QFMA and the QFCRA.
The committee’s operational objectives are to
provide an early warning system, to identify,
monitor and analyse risks and vulnerabilities in the
financial system as a whole, to propose possible
remedies, and to enact these remedies to ensure
a safe, sound and solid financial system.
T ABLE OF C ONTENT S
Aligned with the goals and objectives of the Qatar
National Vision 2030 and the Second Strategic Plan
for Financial Sector Regulation 2017-2022, the work
of the committee focuses on the analysis of potential
risks resulting from services, works, activities and
financial markets, and the issuance of relevant solutions
and proposals; the co-ordination between regulatory,
supervisory and oversight authorities in the State, with
the goal of strengthening the co-operation and the
exchange of information among them to result in a
consistent regulatory and supervisory environment; and
the creation of policies relating to organisation, control
and supervision, including licensing, anti-money
laundering, and other policies pertaining to services,
works, activities and financial markets.