QFMA Held Training Program on "Risk in Financial Services" with 71 Participants

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Doha, September 12 (QNA) - The Qatar Financial Markets Authority "QFMA" in cooperation with the Union of Arab Securities Authorities "UASA", held a training program on "Risk in Financial Services" with 71 participants representing 21 entities from different financial institutions in the State of Qatar and representatives from regional entities.
The objective of the program is to familiarize the participants with the risks facing capital markets, including operational, investment and liquidity risks as well as corporate risks.
Chief Executive Officer of QFMA, Nasser Ahmed Al Shaibi said: "Stability in the financial markets is linked to reducing the risks facing such markets. The risks related to transactions in the financial markets are multiple and varied in a way that constitutes a major challenge for these entities in pursuit of achieving their strategic objectives".
Al Shaibi added that financial markets immediately reflect any negative or positive local, regional or international changes. Therefore, the legislations established for securities regulators always confirm that stability of financial markets is closely linked to the reduction and proper management of risks facing these markets.
For his part, the UASA's Secretary General, Jalil Tarif thanked the QFMA for its continuous support to the Union. He added that organizing such training programs comes as a part of the constant pursuit by all Arab and international securities regulators to adopt a risk management approach with regard to each regulatory and supervisory functions and to improve and develop the regulatory ability of their employees with regard to identifying the types of risks facing the financial markets, the ways how to address and manage and reduce the negative effects on the markets and their participations. (QNA)