Maintaining financial stability is one of the mandates of Qatar Central Bank (QCB) as documented in Article (5) of QCB Law No. 13 of 2012. To fulfil this mandate, “The Financial Stability and Risk Control Committee (FSC)" was formed under Article No. 115 of the QCB Law. H.E., the Governor of QCB, chairs this high-powered committee. The committee has mandates (as in Article 116) to identify, assess and mitigate the risks of the entire financial sector; establish a homogeneous & cooperative regulatory and supervisory environment by enhancing co-operation between the regulators through exchange of information; and proposing policies relating to regulation, supervision and control.
To serve the above purpose, the FSC has approved the following definition for financial stability.
"Financial stability is a state in which the financial system, comprising of financial intermediaries, markets and market infrastructures, is capable of withstanding shocks and smoothly performing all its basic functions continuously and effectively, and has the confidence of its users and the public”.
Objective of the Department:
The department’s major objective is to “ensure smooth functioning of the financial sector to facilitate faster and sustained growth of the economy of Qatar”
The operational objectives of the financial stability framework are:
1. Preventing the financial system from being exposed to unacceptable risk levels
2. Contain the risk at the earliest possible time and prevent contagion
3. Build a conducive and sustainable financial environment, so that all the stakeholders of the financial system have the confidence in its smooth and effective functioning.
The following tools are employed to fulfill the above objectives:
1. Macro-prudential measures
2. Early warning system
3. Periodic and ad hoc stress tests
4. Annual Financial Stability Review
The department publishes Financial Stability Review (FSR) annually, a medium through which QCB contributes to the long-term resiliency of confidence in the financial sector through transparency and dissemination of information to the outside world.
List of Publication and reports issued and published on the Website.
- Real Estate Price Index
- Annual Financial Stability Review
