November 8, 2010
@
9:00 AM
–
November 12, 2010
@
5:00 PM
IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries
Programme – Event Session(s)
| Date |
Time |
Topics |
| Day 1
08/11/2010 |
IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) |
| 09:00 – 09:30 |
Registration |
| 09:30 – 09:45 |
Opening Session |
| 09:45 – 11:15 |
Session 1 Introduction to Islamic Banking: Contracts and Structures of Islamic Banking Products Background and An Overview of IFSB-1 : Risk Management Standard IFSB-1 – Focus on Credit Risk & Supervisory Perspective IFSB-1 – Focus on Equity Risk & Supervisory Perspective IFSB-1 – Focus on Operational Risk & Supervisory Perspective |
| 11:15 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 2 Intensive Case Study – 1 and Discussions – Financial Distress and Failure of Non-IIFS Intensive Case Study – 2 and Discussions – Managing Shari’ah non-compliance and legal risk in IIFS |
| 13:00 – 14:00 |
Lunch and Prayers |
| 14:00 – 15:00 |
Session 3 IFSB-1 – Focus on Market Risk & Supervisory Perspective IFSB-1 – Focus on Liquidity Risk & Supervisory Perspective IFSB-1 – Focus on Rate of Return Risk & Supervisory Perspective |
| 15:00 – 15:30 |
Coffee Break |
| 15:30 – 17:00 |
Session 4 Group Exercise – 1 and Discussions – Income Gap Analysis and Benchmark Rate Risk: Relationship between Market, rate of return, and liquidity risk Intensive Case Study – 3 – Failure of an IIFS-A: Risk Management Perspective |
| Day 2
09/11/2010 |
IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) |
| 09:30 – 11:00 |
Session 1 Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard Capital Adequacy Formulas |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 2 Measurement of Capital Adequacy Requirements for Credit Risk – Credit Risk Mitigation – Examples – Group Exercise |
| 13:00 – 14:00 |
Lunch and Prayers |
| 14:00 – 15:30 |
Session 3 Measurement of Capital Adequacy Requirements for Market Risk Group Exercise |
| 15:30 – 16:00 |
Coffee Break |
| 16:00 – 17:30 |
Session 4 Measurement of Capital Adequacy Requirements for Operational Risk – Individual Exercise Impact of PSIA and Alpha-Factor on Capital Adequacy of IIFS – Examples Case Study |
| Day 3
10/11/2010 |
IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT AND GN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHARI`AH-COMPLIANT FINANCIAL INSTRUMENTS |
| 09:30 – 11:00 |
Session 1 An Overview of IFSB-7 : Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 2 Capital Requirements for Sukuk and Securitisations |
| 13:00 – 14:00 |
Lunch & Prayers |
| 14:00 – 15:30 |
Session 3 Capital Requirements for Real Estate Investments Case Study |
| 15:30 – 16:00 |
Coffee Break |
| 16:00 – 17:30 |
Session 4 GN-1 : Recognition of Rating by External Credit Assessment Institutions (ECAIs) on Shari’ah Compliant Financial Instruments |
| Day 4
11/11/2010 |
IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS AND IFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) |
| 09:30 – 11:00 |
Session 1 IFSB-3 : Corporate Governance for IIFS |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 2 Recommended Best Practices on Corporate Governance for the IIFS Case Studies |
| 13:00 – 14:00 |
Lunch & Prayers |
| 14:00 – 15:30 |
Session 3 Overview of the IFSB-4 : Disclosure to Promote Transparency & Market Discipline Recommended Disclosures for IIFS |
| 15:30 – 16:00 |
Coffee Break |
| 16:00 – 17:30 |
Session 4 Recommended Disclosures for IIFS (continued) Case Studies |
| Day 5
12/11/2010 |
IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) AND IFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES |
| 09:30 – 11:00 |
Session 1 Necessary Conditions for Effective Supervision Capital adequacy, Risk Management and Corporate Governance Related Party Transaction Consolidated Home-Host Supervision Supervisory Issues in Real Estate Investments Supervisory Issues in Islamic Windows |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 12:30 |
Session 2 Case Studies |
| 12:30 – 14:30 |
Lunch and Jumaat Prayer |
| 14:30 – 15:30 |
Session 3 Recommendation on IFSB-10 : Shari’ah Governance Systems |
| 15:30 – 16:00 |
Coffee Break |
| 16:00 – 17:00 |
Session 4 Case Studies |
| 17:00 – 17:30 |
Closing Ceremony |
Downloadable Document(s)
