Page 9 - Annual Report 2022 EN

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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.