Single regulator to be introduced in Qatar by early 2008Qatar has said it will introduce one regulator to supervise the banking, insurance, securities and asset-management industries by early 2008.H.E Yousef Hussain Kamal, Qatar’s finance minister, said: “This initiative, aimed at creating a best-practice legal and regulatory environment for Qatar’s entire financial sector, illustrates the government’s commitment to the development of a thriving financial services industry.”The new regulator will handle work dispersed among the Qatar Central Bank’s Department of Banking Supervision and its Banking Consumer services unit, the Qatar Financial Markets Authority, and the Qatar Financial Centre Financial Regulatory Authority.
More on Regulation
Executives will be liable for banks’ misconduct under Senior Managers Regime
Central bank eyes big data and psychology
Regulators and industry to meet in London on March 2
Regulators have brought in Basel III liquidity measures ahead of peers but the industry is ready
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.