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Issued in 2017, the Second Strategic Plan for Financial Strategic goal 2, to develop financial markets and Developing human capital, strategic goal 5, seeks to
A Shared Sector Regulation 2017-2022 in Qatar provides the foster financial innovation, has market infrastructure nurture and develop Qatar’s growing young population,
financial community and policymakers with a clear initiatives at its heart. The plan calls for the Qatar a key resource for long-term sustainable growth with a
Strategy for roadmap to navigate the opportunities and challenges Central Bank, the Qatar Financial Markets Authority focus on the Qatar National Vision 2030. The regulatory
and the Regulatory Authority to introduce an extended
that lie ahead to 2022. It continues and expands upon
authorities are committed to developing young Qataris
the work that began in 2013 with the First Strategic range of instruments to manage domestic liquidity and in the banking and financial sector and to equipping
Financial Plan for Financial Sector Regulation 2013-2016. promote secondary market development. This goal them with the required skills through specialised
leverages the benefits of FinTech and green financing
programmes and effective talent management. The
Qatar’s three financial regulators, the Qatar Central to create an environment that facilitates innovation dedicated professionals that emerge as a result of these
Sector Bank, the Qatar Financial Markets Authority and the in the financial sector while minimising risk. actions will form a strong pipeline of leadership that
will serve Qatar’s financial sector for decades to come.
Regulatory Authority, share the plan’s mission: to deliver
a robust and efficient financial regulatory framework To maintain the integrity of Qatar’s financial system,
Regulation that supports economic prosperity, safeguards financial as well as confidence in its workings, the objective of In addition to building deeper and more resilient
capital and financial markets, the accomplishment of
stability and is aligned with international standards and
strategic goal 3 is to ensure that the State’s financial
best practice. As well as the mission, the shared vision, institutions and markets are resilient, self-reliant and these goals will assist in driving economic growth and
values and strategic goals underpin a common approach provide a platform for future growth in a sustainable diversification while nurturing greater self-sufficiency
to strengthening the financial sector and fostering strong manner. Qatar is committed to combating illicit financing of Qatar’s financial sector and the economy.
and stable economic growth over the coming years. and ensuring that financial sector information and
infrastructure are safeguarded from cyber incidents. This
The strategic plan was developed within the context goal also supports the National Anti-Money Laundering
of the overall objectives of both the Second National and Terrorist Financing Committee’s AML/CFT strategy
Development Strategy 2018-2022 and the Qatar and implementation of the new Financial Sector
National Vision 2030. The plan’s five strategic goals Information Security Strategy to mitigate cybercrime.
are: to enhance financial sector regulation and promote
regulatory co-operation; to develop financial markets Strategic goal 4 promotes financial inclusion and
and foster financial innovation; to maintain integrity financial literacy as key policies to drive sustainable
of, and confidence in, the financial system; to promote growth, create employment opportunities, reduce
financial inclusion; and to develop human capital. inequality and safeguard financial stability. This goal
considers supply-side measures such as access
With strategic goal 1, to enhance financial sector to finance as well as demand-side actions such as
regulation and promote regulatory co-operation, promoting financial literacy. It is the State’s intent
the plan stipulates the need for Qatar’s financial to ensure access to a full range of high-quality, cost-
regulations to be benchmarked to international effective and appropriate financial services to unbanked
regulatory standards as a means to promote financial or under-served populations and businesses.
stability and to support long-term sustainable growth.
T ABLE OF C ONTENT S
