Qatar Financial Centre Regulatory Authority Earns 4-Star Rating from EFQM

Doha, February 27 (QNA) - The Qatar Financial Centre Regulatory Authority (QFCRA) announced today that its Corporate Services division earned a prestigious 4-star rating from the European Foundation for Quality Management (EFQM).

This recognition highlights QFCRA's commitment to adopting innovative practices that drive business excellence.

The 4-star rating from EFQM is a testament to QFCRA's dedication to continuous improvement and its strategic focus on delivering exceptional value to its stakeholders.

This achievement places QFCRA among the leading financial services institutions in the region, showcasing its excellence in four key areas of the EFQM Model.

Additionally, the QFCRA gained official membership with EFQM, effective February 2025.

As a member of EFQM, QFCRA joins a global network of organizations committed to achieving sustainable economic growth through excellence in quality management.

"I am proud that the QFCRA is the first financial institution in Qatar and second in the region to join EFQM and undergo the assessment.

This aligns with our commitment to adopting best practices in quality management and organizational excellence.

We look forward to leveraging the EFQM Model 2025 to enhance our strategic objectives and deliver excellent services to our stakeholders," said Chief Financial Officer and Chief Operating Officer at QFCRA Fatma Abdulrahman Al Meer.

In turn, Chief Executive Officer of EFQM Russell Longmuir said: "We are delighted for the QFCRA's leadership and the whole team for achieving 4 Stars from EFQM and look forward to supporting them on their journey of sustainable performance improvement.

"The Qatar Financial Centre Regulatory Authority (QFCRA) is an independent regulatory body established in 2005 by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC.

It has a broad range of regulatory powers to authorize, supervise, and, when necessary, discipline firms and individuals.

The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in major financial centres. (QNA)