Page 18 - Annual Report 2024 EN

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Financial Stability

and Risk Control

Committee

The Financial Stability and Risk Control Committee
(FSRCC) was created under Law No. 13 of 2012,

Article 115. The committee was formed to enhance

co-operation and information exchange among

Qatar’s three regulators: the Qatar Central Bank, the
Qatar Financial Markets Authority and the QFCRA.

The committee is chaired by His Excellency the

Governor of the Qatar Central Bank. Its membership

includes the Chief Executive Officers of the Qatar
Financial Markets Authority and the QFCRA.

The committee’s operational objectives are to provide

an early warning system, to identify, monitor and
analyse risks and vulnerabilities in the financial system,

to propose possible remedies, and to enact these

remedies to ensure a safe, sound and solid financial

system. Aligned with the goals and objectives of the
Qatar National Vision 2030 and the Third Financial

Sector Strategic Plan (2023 – 2030), the work of the

committee focuses on the analysis of potential risks

resulting from services, works, activities 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.