Kuala Lumpur, 25 April 2016 – The Islamic Financial Services Board (IFSB) will be organising the IFSB Regulator’s Forum, on 10 May 2016 at Sasana Kijang, Kuala Lumpur, Malaysia. The Forum is held in conjunction with the Global Islamic Finance Forum (GIFF 5.0) on which will be held on 11 & 12 May 2016.
With the theme “Islamic Finance in 2016 and Beyond: Challenges, Opportunities and Evolving Regulatory Focus”, This IFSB Regulator’s Forum is designed to encourage broad interaction among the delegates to explore the implications on the IFSI from the evolving global regulatory reform agenda. In the light of the current global macroeconomic conditions, the Forum seeks to raise awareness on the emerging challenges in the resilience and stability of the IFSI while discussing the regulators’ role in mitigating such vulnerabilities.
The first session, Panel Discussion on the Outlook and Opportunities of IFSI in 2016 and Beyond: Sustaining IFSI Growth and Resilience Amid Challenges will discuss the emerging risks to the global economy and knock-on effects on Islamic finance, the macroprudential framework and policy tools for the enhanced supervision of Islamic financial institutions, the appropriate stress testing frameworks for Islamic finance, and the emerging issues in Islamic finance regulation i.e. anti-money laundering (AML) and consumer protection.
The second session, themed Global Regulatory Reforms: The Islamic Finance Response aims to highlight the global surveillance framework and Islamic finance, enhancing liquidity and capital buffer requirements and implications for Islamic finance, the national regulators’ experiences in developing prudential frameworks for the IFSI, the market players’ response to the evolving regulatory reforms, and progress on developing Sharī`ah-compliant financial safety-nets.
The Forum welcomes participants from regulatory and supervisory authorities, international organisations, multilateral development banks, institutions offering Islamic financial services (IIFS), academics and any other interest parties.
For participation, please register online at the IFSB website (http://www.ifsb.org) or email Mr. Ahmed Barakat ([email protected]).
