March 26, 2018
@
8:00 AM
–
4:30 PM
This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector. It will be hosted by Banque du Liban and will cover
the following IFSB Standards and publications:
- IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
- IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS
- IFSB-15: Revised Capital Adequacy Standard for IIFS
- IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
Overall, this Workshop aims to:
- Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
- Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
- Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.
Participation in this event is by
INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at
[email protected].
Programme – Event Session(s)
| Date |
Time |
Topics |
| Day 1
26/03/2018 |
08:00 – 08:30 |
Registration |
| 08:30 – 09:00 |
Welcoming Remarks and Group Photo |
| 09:00 – 10:30 |
Session 1 – IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk |
| 10:30 – 11:00 |
Coffee Break |
| 11:00 – 12:30 |
Session 2 – IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Return Risk Case Study |
| 12:30 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 3 – IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions |
| Day 2
27/03/2018 |
09:00 – 10:30 |
Session 4 – IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets |
| 10:30 – 11:00 |
Coffee Break |
| 11:00 – 12:30 |
Session 5 – IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution |
| 12:30 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 6 – IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise |
| Day 3
28/03/2018 |
09:00 – 10:30 |
Session 7 – IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise |
| 10:30 – 11:00 |
Coffee Break |
| 11:00 – 12:30 |
Session 8 – IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 General Approach to the Sharīʻah Governance System |
| 12:30 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 9 – IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Continued) Guiding Principles on the Sharī`ah Governance System – Competence and Independence Guiding Principles on the Sharī`ah Governance System – Confidentiality Guiding Principles on the Sharī`ah Governance System – Consistency Case Study |
| Day 4
29/03/2018 |
09:00 – 10:30 |
Session 10 – IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk |
| 10:30 – 11:00 |
Coffee Break |
| 11:00 – 12:30 |
Session 11 – IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability |
| 12:30 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 12 – IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study |
| 16:00 – 16:30 |
Closing Remarks & Certificate Giving Ceremony |
