Page 8 - Annual Report 2022 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 115. The committee was formed to enhance

co-operation and information exchange among

Qatar’s three regulators: the Qatar Central Bank, the
Qatar Financial Markets Authority and the QFCRA.

The committee is chaired by His Excellency the

Governor of the Qatar Central Bank. Its membership

includes the Chief Executive Officers of the Qatar
Financial Markets Authority 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. 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 coordination 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.