Page 9 - Annual Report 2020
P. 9
/ 04 QF CR A ANNU AL REP OR T 2020
The Financial Stability and
Risk Control Committee
The Financial Stability and Risk Control Committee The committee’s operational objectives are to provide
(FSRCC) was created under Law No. 13 of 2012, Article an early warning system, to identify, monitor and analyse
116. The committee was formed to enhance co- risks and vulnerabilities in the financial system as a
operation and information exchange among Qatar’s three whole, to propose possible remedies, and to enact these
regulators: the Qatar Central Bank, the Qatar Financial remedies to ensure a safe, sound and solid financial
Markets Authority and the QFC Regulatory Authority. The system. Aligned with the goals and objectives of the
committee is chaired by His Excellency Sheikh Abdulla Qatar National Vision 2030 and the Second Strategic
Bin Saoud Al-Thani, Governor of the Qatar Central Bank. Plan for Financial Sector Regulation 2017-2022, the
Its membership includes His Excellency the Deputy work of the committee focuses on the analysis of
Governor and the Chief Executive Officers of the Qatar potential risks resulting from services, works, activities
Financial Markets Authority and the Regulatory Authority. 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.
T ABLE OF C ONTENT S
