CBO signs key pact with Qatari financial centre

Business Saturday 09/March/2019 16:47 PM
By: Times News Service
CBO signs key pact with Qatari financial centre

Muscat: In its endeavour to strengthen its banking relations, share experiences and establish strong cooperation relationships in the fields of banking supervision and surveillance, the Central Bank of Oman (CBO) has signed a Memorandum of Understanding (MoU) with Qatar Financial Center Regulatory Authority (QFCRA).
The terms of the MoU included areas of cooperation in terms of enhancing bilateral relations and exchanging of information and experiences related to the development of financial and banking sectors.
They also included the development of the professional cadres, the convergence of common means and standards in the fields of banking supervision and financial stability, as well as benefiting from expertise in these fields and establishing a good working relationship between the two parties.
Taher bin Salim Al Amri, Executive President of CBO signed the MoU on behalf of the CBO , while Michael J. Ryan, Executive president of Qatar Financial Center Regulatory Authority signed the MOU on behalf of the Qatari side.