DOHA: The Assistant Governor for Financial Instruments and Payment Systems at Qatar Central Bank, Sheikh Ahmed bin Khaled Al-Thani, emphasized the significant potential of fintech innovations such as Distributed Ledger Technology (DLT) and Artificial Intelligence (AI) in enhancing the future of capital markets in Qatar and the Gulf Cooperation Council (GCC). These technologies are poised to create a more efficient, secure, and globally integrated financial system. According to Qatar News Agency, Abdulaziz Nasser Al Emadi, the Acting CEO of the Qatar Stock Exchange, stressed the importance of effective securities regulation for the benefit of the financial system. He noted that while regulation should not impose additional burdens on issuers, it is crucial to find a balance between trust and ease of use. Regulation should foster innovation, with a strong emphasis on investor protection, market transparency, and corporate governance, aligning with international standards. Al Emadi further elaborated on Qatar' s financial strategy, highlighting the collaborative responsibility between regulatory bodies and operators like Edaa and QSE. This partnership forms the backbone of a robust financial system, ensuring smooth and safe operations. He underscored the need for caution in regulatory actions, advocating for regulators to address the challenges posed by emerging technologies and business models. The two-day forum will explore various critical topics, including enhancing market access for international investors in the Gulf region, accelerating settlement cycles, innovations in depository and settlement centers, redefining environmental and social governance standards, and examining the impact of AI on financial markets. Discussions will also cover digital assets, AI, and financial derivatives, among other subjects.
Qatar Central Bank Highlights Role of Fintech in Shaping Future Financial Systems.
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