Qatar Financial Centre Regulatory Authority (QFCRA) and Dubai Financial Services Authority (DFSA) have agreed to share supervisory information regarding financial firms operating in both the centres.
A memorandum of understanding (MoU) was signed by QFCRA chairman and CEO Phillip Thorpe and DFSA chief executive Paul Koster at the GCC Regulators’ Summit in Doha.
“As markets and regulatory jurisdictions are brought closer together in today’s evermore complex financial environment, it is increasingly important that regulators share information and working practices as a means of bolstering their effectiveness,” said Thorpe.[Read More]