Phillip Thorpe, chief executive and chairman of the Qatar Financial Centre Regulatory Authority, has signed a memorandum of understanding with Jean-Paul Redouin, the first deputy governor of Banque de France and chairman of the Banking Commission (Commission Bancaire de France).
The MOU will formalise cooperative arrangements between the two Authorities and will facilitate the exchange of supervisory information and promote safe and sound functioning of banks and other financial organisations operating both in France and the Qatar Financial Centre.
The QFCRA has signed MOUs with a growing list of leading international regulators including BAFIN; the China Banking Regulatory Commission; the Swiss Federal Banking Commission; the Jersey Financial Services Commission; Office of the Comptroller of the Currency; The Financial Supervisory Commission of the Republic of Korea; and the Isle of Man Financial Supervision Commission.
Thorpe said: "We are committed to continuously seeking
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