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
Frustrating, costly, inefficient – but swap reporting can be fixed, says Isda CEO
Price hikes at Goldman Sachs show how much pressure FCMs are under
The RBI's use of a conservative standard CVA approach is overly prudent, say dealers
Autorité des Marchés Financiers aiming to prevent losses among speculative investors
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.