In its latest Qatar country report, IMF expressed the view that the financial system would be strengthened by moving towards “international good practices” in some areas such as appointment of independent directors in bank boards.
In light of the high credit concentration of Qatari banks, the IMF has encouraged the authorities to have an in-depth diagnostic of bank governance that would highlight potential areas of improvement.
This would be particularly useful since the QCB is rewriting the central bank law - which addresses among others corporate governance issues - to make it more consistent with the single regulatory regime.
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