Qatar's central bank governor has become the chairman of the Qatar Financial Centre Regulatory Authority (QFCRA) in the first step towards establishing a single regulator in the Gulf Arab state, its finance minister said on Monday.
Qatar announced a plan in 2007 for a unified market watchdog, which would make the regulation process simpler and clearer for companies, but there has been little progress since.
"As of March 7, the central bank governor has been chairman of the QFCRA as part of the process of unifying the regulatory regime," Youssef Kamal told a financial conference in the Qatari capital without giving further details.
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