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