IFSB-FIS E-Workshop Series – IFSB-17: Core Principles for Islamic Finance Regulations (CPIFR Related to Prudential Regulations and Requirements for IIFS)

Date : 15 February 2021 (Monday) Time : 4:30 – 6:30 pm (MYT) Sector : Islamic banking Topic : IFSB-17: Core Principles for Islamic Finance Regulation (CPIFR Related to Prudential Regulations and Requirements for IIFS)   Overview The main objective of the Core Principles for Islamic Finance Regulations – CPIFR is to provide a foundation for regulatory and supervisory authorities to regulate Islamic financial services industry with consideration the specificities of the IIFS in the banking segment and the lessons learned from the financial crisis, and complementing the existing international standards, principally the BCBS’s Core Principles for Effective Banking Supervision (Basel Core Principles, or BCPs). In this online FIS Workshop IFSB will address three CPIFR, covering Transactions with related parties, Treatment of Investment account holders (IAHs) and Islamic windows operations. FIS Workshop facilitator will discuss how core principles requirements help to prevent abuses arising in transactions with related parties and to take measures on the risk of conflict of interest. During the session participants will get understanding on regulatory treatment, governance and disclosures, capital adequacy and associated risk-absorbency features related to IAH’s. Moreover Islamic windows operations, their permitted forms, supervisory review process will be also covered. The facilitator will also share with some Case studies and open floor to Q&A to bring more interactivity to the session.  

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