The world’s leading financiers and representatives of the largest banks will gather in Qatar from today in a combined effort to tackle the challenges of the recent global downturn.

Qatari government representatives, international regulators and private institutions are set to attend the first Euromoney Qatar Central Bank conference, ‘Global Finance, Redesigned.’

Together with the QCB, Euromoney has created a series of projects that will chart the role of nations such as Qatar in the emerging global financial system.

Despite Qatar remaining relatively untouched by the storm shaking finance, the country is not immune to events and trends outside its borders, said the organisers.

As a major – and growing – international investor in both physical and financial assets as well as a major issuer on the global capital markets, the changes occurring within the financial sector has a significant impact on Qatar, they said.

Major Qatari banks and financial institutions are providing full support for the event, with sponsors including QNB, the Qatar Financial Markets Authority, Commercialbank, IBQ, JP Morgan, Masraf Al Rayan, Qatar Islamic Bank, the Qatar Financial Centre Authority, Saxo Bank and Qatar First Investment Bank.

Major institutions from Qatar, the Mena region and the international banking sector will take part in the conference, including contributions from the Central Bank of Oman, Bank Negara Malaysia, the National Bank of Poland, the Central Bank of Tunisia, the Central Bank of Turkey and Bank Al-Maghrib.

For sovereign wealth funds, governments and banks within the Middle East and North Africa, the opportunities for playing an enhanced role will be significant, given the ongoing economic development and increased global profile of the region.