Ever since the Qatar Financial Centre (QFC) was created, the need for world-class regulation has been high on the agenda and further evolution is in the works. Since announcing last July that Qatar’s financial regulatory authorities would be merged, there has been some progress in the single, as yet unnamed, new body’s establishment. Legislation to set up the new regulator now awaits only parliamentary approval.
The new, unified regulator will consist of Qatar Central Bank’s banking supervision department and the regulators of Doha Securities Market and the QFC, which has attracted 83 firms since its inception in 2005.
