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This focus is supported by the commitment that the Regulatory The Regulatory Authority and its Board of Directors

Authority has to collaboration and cooperation with the Qatar extends its gratitude to His Highness the Amir,

Central Bank (QCB) and the Qatar Financial Markets Authority Sheikh Tamim Bin Hamad Al-Thani, to His Highness

(QFMA), which is aligned with the foundation established by the the Deputy Amir, Sheikh Abdullah Bin Hamad Al-Thani
strategic plan. In that connection, I am also pleased to note the and to H.E. the Prime Minister and Minister of Interior,

substantial progress that all regulators, including the Regulatory Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani for

Authority, have made in delivering the objectives of the Second their continuous support and assistance.

Strategy for Financial Sector Regulation (2017-2022).
On behalf of the Board, I also express my appreciation to

By all measures, 2020 was a challenging year due to the the Supreme Committee for Crisis Management and all

pandemic and the unique issues and complexities that it gave ministries and government bodies for their support and

rise to, which extended across all sectors of the economy. cooperation with the Regulatory Authority during 2020.
Despite these unique challenges, the Regulatory Authority’s

work continued without interruption and remained focused on

maintaining stability through proactive management of those

risks and engagement with financial institutions.

The challenges presented by the pandemic reinforced the

importance of the structural changes in financial regulation

underlined in the QCB Law No. 13 of 2012, which created the Abdulla Bin Saoud Al-Thani
Financial Stability and Risk Control Committee and set the Governor of the Qatar Central Bank

groundwork for the focused coordination among the financial Chairman of the QFC Regulatory Authority

regulators in Qatar required to ensure effective policy

responses. These steps and work of the regulators since the
adoption of the law to operationalise the vision for financial

regulation positioned Qatar’s regulators to respond in an

effective way to the specific challenges presented by the

pandemic and its economic impact in 2020.

T ABLE OF C ONTENT S