His Excellency Sheikh Bandar bin Mohammed bin Saud Al Thani, Governor of Qatar Central Bank, Chairman of the Qatar Financial Markets Authority, stressed that the development of financial markets in the State of Qatar is an essential part of the comprehensive financial strategy of the state. Effective markets help stimulate savings, allocate capital effectively, and facilitate innovation by linking investors with entrepreneurial initiatives.
This came during the opening speech of the annual conference of the Qatar Financial Markets Authority, whose work was launched yesterday in the presence of experts and specialists from different countries of the world, and focuses on the urgent digital transformations in the financial markets, where the role of technology will be discussed in enhancing the efficiency of the markets and opening new horizons for investment, as the conference discusses the proposed value for Islamic finance and its role in the growth of financial markets, and how Islamic financing can contribute to enhancing investments Sustainable and supports economics growth.
Facing challenges
His Excellency Sheikh Bandar bin Mohammed bin Saud Al Thani added during his speech that hosting this prestigious gathering of specialists constitutes a great responsibility, saying: “We meet today in a decisive stage through which we witness a clear and continuous development that would contribute to enhancing the progress of global financial markets and keeping pace with all the developments in the financial sector. The conference is an opportunity to exchange visions, cooperate to find solutions to face challenges, and to form a flexible future for financial markets.
His Excellency also noted that strengthening market structure and expanding investment opportunities contributes to attracting global capital, supports the private sector, and reduces dependence on traditional industries, which speeds up moving towards a diversified economy based on knowledge, supported by flexible, sustainable and comprehensive financial systems that have the ability to face future challenges.
Flexible financial sector
His Excellency pointed out that the establishment of a flexible financial sector is a very important goal for long -term growth, as we realize that the markets that enjoy depth and liquidity are essential to achieving this. He stressed that the Qatar Central Bank is closely cooperating with the Qatar Financial Markets Authority to enhance future policies that support growth, capital formation, and innovation through effective organizational rules.
His Excellency the Central Governor of Qatar praised the vital role played by the Qatar Financial Markets Authority in enhancing the performance of financial markets in the country, providing an attractive investment environment for local and foreign capital, and ensuring the stability of financial markets and enhancing their competitiveness. Stressing that the State of Qatar, over the past two decades, has greatly strengthened the structure of the financial markets and formed the promotion of the Qatar Stock Exchange to the rank of emerging markets an important achievement, as it contributed to strengthening liquidity, attracting global investors, and raising the position of our market at the global level, and the establishment of the Qatar Central Deposit Company for Securities, to update the clearing operations, which made practices in line with international standards.
Financial technology
His Excellency Qatar Central Governor also touched on the acceleration of digital transformation, as it restores financial technology, artificial intelligence, machine learning, forming capital markets through increasing efficiency, promoting market control, facilitating access to them, and better management of risk, where these technologies can enhance liquidity, reduce costs, and increase investment opportunities, but they also offer new and complex risks, and in this context the State of Qatar is committed to enhancing organizational capacity To face these challenges and ensure a dynamic and safety financial future.
His Excellency in his speech indicated that the Qatar Financial Markets Authority is entering a new era, and we will work through it to intensify our efforts to enhance our local and cross -border financial systems, and to ensure that the State of Qatar remains in the vanguard in the field of governance, innovation, and sustainable growth.
In turn, Mr. Rodrigo Buenvintora, Secretary -General of the International Securities Organization (ISCO), delivered a similar speech during the opening of the conference.
The opening session of the conference also included a speech by the Chairman of the Board of Directors of the International Securities Organization (ISCO), Mr. Jean -Paul Service, the Chairman of the Services and Financial Markets Authority in Belgium, and a similar speech entitled: “Investment in the future, and the acceleration of digital transformation in capital market MUFG.
On the sidelines of the conference, the accompanying exhibition, in which a number of local and educational financial institutions and institutions participate.
The conference discussed the empowerment of small and medium -sized companies and the linking of the markets, by highlighting the importance of supporting these companies, and how to link them to the financial markets to enhance innovation and economic growth, in addition to discussing the current market behaviors and ways to enhance the protection of investors, in order to ensure a safe and sustainable investment environment.