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 116. 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
Third Financial Sector Strategic Plan and the Qatar

National Vision 2030, 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.