Banking on corporate governance
In recent years the GCC financial service regulators have given importance to corporate governance and have come up with rules and regulations to implement the same. Qatar Central Bank (QCB), Qatar Financial Centre ( QFC) and The Saudi Monetary Agency are among the institutions that provided principles of corporate governance. Regulation in the GCC region has been strengthened to promote risk governance and financial stability in the financial services sector. Corporate governance promotes financial stability and can attract foreign direct investment, support the development of the bond market and encourage the production of more high quality research.