Fast growing Qatar has huge potential to develop its debt market and there is a need for developing other investment opportunities to support asset management industry, according to the Qatar Financial Center Authority (QFCA).
“World-wide debt market is three-four times more than the equity market and so there is a huge scope for debt market,” QFCA director for reinsurance Akshay Randeva said at a function to launch the 2010 annual review, which gave a “positive and upbeat” assessment of the financial services sector in the country. The Qatar Exchange (QE) had recently said the listing of bonds, starting with sovereign debts, could be expected soon.
Once the yield curve is created, corporate debts could find their place, Randeva said. However, QFC sources said they are awaiting the listing rules of bonds from both the Qatar Financial Market Authority and the QE.
No comments:
Post a Comment