09-Mar-2022
In collaboration with Global Legal Insights, Maître Aurore Deeb and Maître Rana Moustafa contributed for the banking laws and regulations in the Qatari jurisdiction, 2022 edition, where they gave an overview of banking regulators and key regulations. Furthermore, Ms. Deeb and Ms. Moustafa discussed the key regulatory development in Qatar along with Banking Governance and internal controls. In addition, they rendered bank capital requirements and the rules governing banks’ relationships with their customers and other third Party.
Introduction:
Banking activities in Qatar are either licensed by Qatar Central Bank (the “QCB”) for
local banks, or the Qatar Financial Centre Regulatory Authority (the “QFCRA”) under
which banks with 100% foreign ownership are permitted. Over the years, it can be noted
that many foreign banks have been attracted by the Qatar Financial Centre (the “QFC”),
establishing their own entity under the QFC.
This goes with Qatar National Vision for 2030 (the “QNV 2030”), which was launched to:
strengthen and increase the space for the private sector; create an environment favourable
to attracting foreign investment; ensure the development of a knowledge-based economy
by leveraging on technology while addressing its attendant pitfalls; create jobs for the
national population; and enhance economic development.
Full Article Link:
https://www.globallegalinsights.com/practice-areas/banking-and-finance-laws-and-regulations/qatar
D&C Legal Services in collaboration With Global Legal Insights