All IFSB Members
Date: Thursday, 10 June 2021 Time: 4:30 – 6:30 Kuala Lumpur Time Sector: Islamic Banking Topics: IFSB-22: Disclosures to Promote Transparency and Market Discipline Market discipline has long been recognised as a key objective of financial sector regulation by the international standard-setting bodies and regulatory and supervisory authorities (RSAs). The provision of meaningful information about key risk metrics to market participants is a fundamental tenet of a sound banking system. It reduces information asymmetry and helps promote comparability of banks’ risk profiles and product offerings within and across jurisdictions. IFSB-22 – Revised Standard on Disclosures to Promote Transparency and Market Discipline for IIFS, for its part, considers disclosure-aspects relevant to consumer protection and sets key principles and practices to be followed by IIFS in the banking sector in making disclosures, with a view to achieving transparency and promoting market discipline in regard to these institutions. With this e-workshop session, your IFSB facilitator will provide understanding on financial and risk disclosures, including information related to the treatment of investment accounts and Islamic windows. The session will also give clarity on Shariah governance and general governance disclosures.***REGISTRATION IS OPEN FOR MEMBERS ONLY***
