Page 11 - Annual Report 2022 EN

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Chairman’s Statement

I am pleased to present the QFCRA’s Annual Report The achievements of the QFCRA in 2023 would not

for 2023, highlighting our efforts to support Qatar’s have been possible without the cooperation and

economic diversification, foster innovation and coordination among Qatar’s financial regulators, who
digitalisation in the financial services sector, and have worked together on key initiatives under the

protect the interests of consumers and investors. Third Financial Sector Strategic Plan, particularly in

capital market development and fintech. I extend
In 2023, the financial services sector in Qatar experienced
my gratitude for the constructive and collaborative
significant growth and transformation and its ambition and
spirit that has characterised our joint efforts, and
roadmap for the future is outlined in the Third Financial
I look forward to the continued progress and
Sector Strategic Plan, which was launched in November.
results of our projects as we move towards 2030
Together with the Qatar Central Bank and Qatar Financial
and the goals of the National Vision 2030.
Markets Authority, the QFCRA has been instrumental in
developing and implementing this ambitious strategy, On behalf of the QFCRA’s Board of Directors,

which aims to create a leading financial and capital market we express our deepest gratitude to our wise

in the region, characterised by innovation, efficiency, and leadership for their unwavering support and
investor protection, aligning with the National Vision 2030. guidance. The QFCRA also thanks all ministries

and government entities for their continued
I am pleased to report that the QFCRA has undertaken
support and cooperation over the past year.
extensive policy and legislative work in 2023,
demonstrating our commitment to adopting global

best practices and facilitating market development.
His Excellency Sheikh Bandar bin
The issuance of the Professional Investors Fund Rules and
Mohammed bin Saoud Al-Thani
amendments to the Banking Business Prudential Rules,
Governor of the Qatar Central Bank
along with the public consultations on our rules for the
Chairman of the QFCRA
derivatives exchange and central clearing counterparty

and the digital assets framework have strengthened our

regulatory framework, expanded the range of products
and services offered by our firms, and supported the

development of Qatar’s financial and capital markets.

A key focus for the QFCRA in 2023 has been
nationalisation and building a future-ready workforce.

I am proud to note the significant progress we

have made in this area, not only among our overall

staff but particularly within our leadership. The

QFCRA’s progress reflects the benefits of the
training and development opportunities provided

by the QFCRA and our ability to attract Qatari

national talent to the financial services sector.