Global Finance Re-Designed: The Euromoney Qatar Conference

 

 

 

H.E. Sheikh Hamad Bin Jassim Bin Jabr Al-Thani,
Prime Minister and Minister of Foreign Affairs,
State of Qatar

H.E. Yousef Hussain Kamal,
Minister of Economy and Finance,
State of Qatar



Qatar may have avoided the worst of the financial crisis, its economy is in good health – as its banking system – but the Emirate will have to redouble its efforts to ensure that it doesn’t get caught up in the backwash from the struggling economies and markets of the US and Western Europe. Qatari policymakers will also have to remain nimble in coping with dramatic changes in the international financial system. Those were the messages from speakers at the Euromoney Qatar Conference held in Doha on December 11th and 12th. Over 600 delegates from 30 countries attended the forum, entitled ‘global finance: re-designed.

HE Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs, State of Qatar, said that an increased role for the private sector was a key part of achieving the targets set up under Qatar’s National Vision 2030 plan.

Central Bank Governor HE Sheikh Abdullah Bin Saud Al-Thani pointed to strong GDP growth and still-tame inflation in Qatar.

Co-hosted by the Qatar Central Bank, the conference attracted a strong group of overseas speakers to lend an international perspective to debates on the remaking of international finance.

HE Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, cautioned that international policymakers still had a long way to go to produce a definitive response to the questions posed by the financial crisis. The turmoil of the last four years had underlined the dangers of opening up developing markets to unbridled capital flows too early, saying that financial liberalisation can increase financial instability as well as heighten income disparity.

Speaking on the second day of the conference Turkey’s Deputy Central Bank Governor Murat Çetinkaya highlighted the need to deploy a range of macroprudential measures to ensure financial stability.

Euromoney would like to thank all sponsors – in particular our co-host, the Qatar Central Bank – speakers and delegates for helping to make the inaugural Euromoney Qatar Conference such a resounding success.

Presentations to download:

- H.E. Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs, State of Qatar

- The New QFMA Regulations and their Impact on Securities Markets in Qatar – hosted by Qatar Financial Markets Authority

- Coping with Financial Challenges: a Southern Mediterranean View – Abderrahim Bouazza, Director of Banking Supervision Department, Bank Al-Maghrib (ARABIC)

- Global Financial Stability and the Internationalisation of Financial Systems in Emerging Economies – H.E. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia

- The Role of Central Banks in the New Global Economic Design – Murat Çetinkaya, Deputy Governor, Central Bank of the Republic of Turkey

- Workshop A: Developments in Arab Securities Market Regulation - Hosted by Qatar Financial Markets Authority and the Union of Arab Securities Regulators



Tue 11 - Wed 12 Dec 2012

The Ritz-Carlton, Doha