In its endeavor to maintain a stable and efficient monetary and financial system, QCB has introduced the Central Reporting System (CRS) as a crucial step towards early detection of threats to the financial system as a whole.

Objectives:

In general, the CRS aims to monitor the major financial indicators of banks operating in the State of Qatar in a timely fashion. With this system in place, effective remote supervision and compliance are regularly observed.

The following are the specific objectives of the CRS:

1. Compliance with the set of rules and ratios established by QCB. This entails ongoing review of components making balance sheets, evaluating customers’ credit risk and risk-weighted placements of funds with financial institutions overseas. Complimented with instantaneous alerting system for violations of rules and ratios for both QCB as well as banks.

2. Assist banks in monitoring customers’ transactions that may involve money laundering and act on behalf of the State to pursue such transactions.