Seminar on Islamic Finance and Regulation

The IFSB Annual Meetings and Side Events 2017 is jointly hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. The 30th Meeting of the Council, 15th General Assembly of the IFSB, 15th Islamic Financial Stability Forum and Welcome Dinner is by INVITATION ONLY. For more information on the meetings and dinner, please email the following Secretariat in-charge: 1) Council Meeting, General Assembly and Welcome Dinner: Ms. Nur Khairun Nissa Md Zawawi (email: [email protected]) 2) 15th Islamic Financial Stability Forum: Ms. Yazmin Aziz (email: [email protected]) The following Side Events will also be held in conjuction with the IFSB Annual Meetings 2017. 1) Seminar on Islamic Finance and Global Regulation – Moving Targets and New Horizons: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 2) 9th IFSB Public Lecture on Financial Policy and Stability: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 3) Members and Industry Engagement Session: Mr. Ifran Tarmizi (email: [email protected]) Programme – Event Session(s)

Date	Time	Topics
Day 1 04/04/2017	IFSB SEMINAR ON ISLAMIC FINANCE AND GLOBAL REGULATION: MOVING TARGETS AND NEW HORIZONS (OPEN FOR PUBLIC)
	08:30 – 09:30	Registration
	09:30 – 09:45	Welcoming Remarks
	09:45 – 10:00	Keynote Address
	10:00 – 10:30	Coffee Break and Networking
	10:30 – 11:45	Session 1: The Roll Out of Regulatory Reforms – Progress so Far and What is Left to Do? The Session aims to discuss how regulatory and supervisory authorities (RSAs) have achieved implementation and compliance with key prudential regulatory standards. It will look at what have been the main challenges, including the capacity building dimension. What is still to be accomplished e.g. on macroprudential supervision, cross-sector and consolidated supervision, stress testing and dealing with systemically important banks?
	11:45 – 13:00	Session 2: Developing Liquid Islamic Money Markets: Challenges in Harmonisation and Local and International Issuances  This session aims to discuss the current state of the sukuk market against the backdrop of the existing economic conditions and market dynamics. What more needs to be done to spur sukuk issuances for liquid and vibrant Islamic money markets? What are specific legal, regulatory and disclosure reforms needed to resolve the impediments? Do sukuk structures and absence of trading platforms pose major hindrances to develop an active secondary sukuk market?
	13:00 – 14:00	Lunch and Prayers
	14:00 – 15:15	Session 3: New Horizons – Wider Outreach for the IFSI and Structural Challenges  This session aims to discuss the potential for Islamic finance to become more active across the start-up/SME financing space. What are the associated challenges from the regulatory and risk perspectives, and how can Islamic finance better manage these challenges? Discussion will also consider the rise of FinTech (i.e. crowdfunding/digital currencies) and how far Islamic finance can benefit it from its growth.
	15:15 – 15:45	Coffee Break and Networking
	15:45 – 17:00	Session 4: What does a Future State Islamic Finance Industry Look Like? The panel discussion will address the opportunities for Islamic finance going forward. Discussions will aim to examine whether the current state and shape of the industry are optimal given structural and regulatory challenges. The panel may look at where it sees the industry in the next 5 years; what does a future state Islamic financial services industry look like, and how do we get there? What are the pre-conditions in terms of capacity building and human resources?
Day 2 05/04/2017	9TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY MEMBERS & INDUSTRY ENGAGEMENT SESSION WELCOME DINNER
	08:30 – 12:30	9th PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY Open for Public
	08:35 – 09:30	Registration
	09:30 – 09:45	Opening Remarks
	09:45 – 10:45	Lecture 1 Speaker: Mr. William Coen, Secretary-General, Basel Committee on Banking Supervision, Bank for International Settlements Topic: Global Adoption of the Basel Framework: Enhancing Financial Stability Across Countries
	10:45 – 12:00	Lecture 2  Speaker: Dr. Mohd Daud Bakar, Founder and Group Chairman, Amanie Group Topic: Capital Raising for Sovereigns in an Era of Deficits: Realising Aspirations through Sukūk
	12:00 – 12:30	Coffee Break and Networking
	12:30 – 14:30	MEMBERS AND INDUSTRY ENGAGEMENT SESSION (Lunch) Open to all IFSB Members and Financial Institutions
	19:30 – 22:30	WELCOME DINNER hosted by Bank Negara Malaysia  Open to IFSB Council, Full, Associate and Observer members only
Day 3 06/04/2017	30TH MEETING OF THE IFSB COUNCIL 15TH GENERAL ASSEMBLY 15TH ISLAMIC FINANCIAL STABILITY FORUM
	09:00 – 13:00	30th MEETING OF THE IFSB COUNCIL IFSB Council and Full Members (and accompanying persons) only
	13:00 – 14:05	15th GENERAL ASSEMBLY  IFSB Council, Full, Associate and Observer members (and accompanying persons) only
	14:05 – 15:10	Lunch IFSB Council, Full, Associate and Observer members (and accompanying persons) only
	15:15 – 17:00	15th ISLAMIC FINANCIAL STABILITY FORUM  Theme: Global Regulatory Reforms: What More Needs to be Done and the Challenges for EMEs and Islamic Finance Open to IFSB Council, Full, Associate and Observer Members, and selected invitees
	17:00 – 17:30	Coffee break