Page 39 - Annual Report 2016 EN

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• The impact of the withdrawal of correspondent banking rela- Insurance sector (i.e. direct insurers, reinsurers and brokers). The
tionships; and fact sheets are based on standardised, aggregated data and
are intended to be self-explanatory through the use of tables and
• The influences of rising populism and anti-establishment
sentiment. graphs. They highlight key facts such as the size and scope of the
sectors and in 2016 were produced quarterly for the periods ending
The Regulatory Authority deemed the following risks to regional 31 March, 30 June, 30 September and 31 December.
financial stability as the most significant in their potential to impact
firms operating in the QFC: The fact sheets included analyses and trends concerning the size
and structure of the sectors, business activity by license type, geog-
• The consequences of the persistence of low oil prices; raphy and corporate structure. They also included analyses and
• The effect of significant currency volatility in certain countries; trends of key balance sheet and off-balance sheet items, profit-
ability, foreign currency activity, and performance and risk ratios for
• The impact of decreasing margins resulting from higher cost the relevant sectors (such as capital adequacy, credit risk, liquidity
of funds; and risk and market risk).
• The implications of credit and liquidity risks. Research and analysis produced at the macro level have contin-

• A global emerging risk that has already revealed an impact ued to position the Regulatory Authority to carry out its functions
on QFC firms was the withdrawal of correspondent banking effectively and to contribute proactively and constructively to the
relationships. work of Qatar’s Financial Stability and Risk Control Committee, in
close collaboration and partnership with senior members of staff
Fact sheets from the Qatar Central Bank and the Qatar Financial Markets
Authority. During the year, the Macroprudential department held
The Macroprudential Analysis department produces quarterly meetings with several external stakeholders to identify and discuss
fact sheets with the intent of providing a macro view of the Qatar key risks to domestic financial stability and prepare the biannual
Financial Centre financial institutions sector (i.e. corporate banks, Financial Stability Indicators Report.
investment banks, investment managers and advisors) and the