Page 9 - Annual Report 2021 EN

/ 9 T ABLE OF C ONTENT S

A Commitment to

International Standards

and Co-operation

The QFCRA works closely with several public entities and professional

organisations on the joint efforts of strengthening Qatar’s regulatory

framework and building a legacy of regulation for the State. Qatar plays

an active leadership role in the support of initiatives that develop national
standards and international best practices for the financial sector.

Since its establishment in 2005, the QFCRA has pursued compliance
with the principles and standards of the international financial standard-

setters, among them the Basel Committee on Banking Supervision, the

International Association of Insurance Supervisors, the International

Organization of Securities Commissions, the Financial Action Task

Force, and the Islamic Financial Services Board. Many of the initiatives
of the QFCRA have been undertaken to align its regulatory efforts with

the standards and principles of these international organisations.