QCB ‘continuously strengthens’ regulatory, supervisory systems to ensure financial resilience

QCB ‘continuously strengthens’ regulatory, supervisory systems to ensure financial resilience:

The Qatar Central Bank has been “continuously strengthening” the regulatory and supervisory systems to ensure that the “financial system remains resilient” enough to address global financial risks and unforeseen challenges, said HE the QCB Governor Sheikh Abdullah bin Saoud al-Thani. 

Moreover, he said “frequent and various stress tests” are undertaken to assess the ability of the banking sector to withstand various stress scenarios. 

“Our monetary policy stance though largely responds to the policy rate moves of the US Federal Reserve, gives due considerations to evolving domestic economic conditions and tries to ensure enough systemic liquidity that is consistent with the real economy,” Sheikh Abdullah said in the context of the upcoming Euromoney Qatar Conference in Doha on December 9 and 10.