Page 10 - Annual Report 2016 EN

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CHAIRMAN’S STATEMENT

The Strategic Plan for Financial Sector Regulation (2013 to 2016) I am particularly pleased to note the important progress that the
identified a number of important priorities and objectives for the Regulatory Authority has made in its commitment to the Strategic
Regulatory Authority to address. The Strategic Plan was a cooper- Plan and the partnership that has developed between the Qatar
ative effort of the Qatar Central Bank, the Qatar Financial Markets Central Bank, the Qatar Financial Markets Authority and the Regu-
Authority and the Regulatory Authority, and set out a coordinated latory Authority. This positive and constructive relationship has laid a
vision for the development of financial sector regulation in Qatar strong base for the well-coordinated and focused work anticipated
and the Qatar Financial Centre. by the Strategic Plan to ensure that our regulatory framework meets
best international practice and achieves the objectives necessary
Specific goals for each regulator were established in the Strategic
Plan, focused on enhancements to microprudential and mac- to ensure the safety and soundness of our financial system. This part-
roprudential supervision, improvements to market infrastructure, nership is built around a common ambition and desire to deliver a
consumer and investor protection, regulatory coordination, and framework for financial regulation in Qatar that ensures sustainable
also the development of human capital. I am pleased to report economic growth, facilitates innovation, and unlocks the factors
that significant progress has been made in these areas over the that will lead to sustained economic diversification.
last three years. As we move forward in 2017, we are collectively In this regard, I would also note the valuable contributions that
focused on building on the Strategic Plan’s excellent founda- the Regulatory Authority has made, as a member authority, to the
tion, which will continue to align financial regulation with Qatar’s work undertaken by Qatar’s Financial Stability and Risk Control
National Vision 2030 and the National Development Strategy. Committee and the National Anti-Money Laundering and Terrorism