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IFSB programmes to facilitate the development of the Islamic financial services industry     
Events & Activities > Event Details

  Event Detail

Category:Awareness Programme
Name:[EVE00386] 2nd IFSB Executive Programme - Module 2: Effective Risk Management Series - Stress Testing Tools For Effective Risk Management and Financial Safety Nets for IIFS: The Role of BOD and Senior Management

This executive programme, which is the second module of the effective risk management series, provides a platform for industry leaders and top management of IIFS and RSAs to engage in deliberations on contemporary issues in Islamic finance and to exchange industry experiences on the subject of effective management of emerging risks, stress testing tools and financial safety nets. It aims to facilitate a better understanding of the issues confronting the IFSI, and thus contribute towards advancing the development of the industry. Effective risk management is a particularly important focus-area given the more challenging global financial environment amid heightened uncertainties and increased potential for financial vulnerabilities as well as the ongoing changes in the dynamics of the financial services industry. 

At the end of the two-day programme, participants will be updated on the key emerging risks and issues for the IIFS in the current global environment, the latest approaches to risk management, the implementation of effective stress testing tools for IIFS, and the establishment of effective financial safety nets as well as the various developments in these areas, through shared industry experiences and best practices.


Start Date:17/07/2019End Date:18/07/2019
Venue Name:Sasana Kijang, Kuala Lumpur
Event Website: -
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  Event Snapshots

  Programme - Event Session(s)

Date Time Topics
Day 1
08:30 - 09:30 Registration
09:30 - 09:45 Welcoming Remarks
09:45 - 10:00 Introduction to the IFSB
10:00 - 11:15 Session 1: IIFS and Emerging Risks in a Changing Financial Environment
  • The growing risk profile of IIFS in the context of the evolving environment and potential vulnerabilities
  • The key risk drivers such as digital disruption and cyber threats, geopolitical uncertainties and global economic growth prospects etc.
  • Current gaps in addressing emerging risks for IIFS
  • 11:15 - 11:45 Group Photo and Coffee Break
    11:45 - 13:00 Session 2: Managing the Emerging Risks for IIFS
  • Effective risk management in the changing economic and technological landscape
  • Addressing emerging operational and systemic risks ? are current risk management and stress testing frameworks fit for purpose?
  • New approaches to managing financial and non-financial risks and improving operational and cyber resilience of IIFS
  • The role and responsibilities of senior management in addressing and managing emerging risks
  • 13:00 - 14:30 Networking Lunch
    14:30 - 16:00 Session 3: Moderated Session: Effective Stress Testing tools for IIFS
  • Stress testing as a risk management tool for IIFS and key elements of effective governance of stress testing
  • Third-generation solvency tools for stress testing of IIFS
  • Addressing the specificities for IIFS in stress testing
  • The role and responsibilities of BOD and senior management in stress testing
  • 16:00 - 16:30 Tea and refreshments
    Day 2
    08:30 - 09:30 Morning Coffee
    09:30 - 10:45 Session 4: Effective Financial Safety Nets for IIFS: Role of SLOLR and SCDIS in an Era of Uncertainty
  • Strengthening financial safety nets for IIFS ? current status and key challenges
  • Developing viable Sharīʻah compliant Lender of Last Resort (SLOLR) instruments - appropriate Sharīʻah-compliant structures and contracts for offering SLOLR, defining default events, availability of collateral and other issues.
  • Facilitating the development and implementation of effective Islamic Deposit Insurance Schemes (IDIS)
  • 10:45 - 11:15 Coffee Break and Networking
    11:15 - 12:30 Session 5: Digital Transformation of Risk Management in IIFS: Experience Sharing
    12:45 - 14:15 Networking Lunch
    14:15 - 15:45 Session 6: Panel Discussion: Way Forward - Regulatory Priorities in Addressing Evolving Risks in the IFSI and Financial Stability
  • Remaining gaps to be addressed in strengthening risk management, stress testing and financial safety nets for IIFS
  • Case studies and lessons learnt: regulatory best practices from leading jurisdictions
  • Harmonising risk management practices across jurisdictions
  • Role of multilateral bodies and collaboration in strengthening global financial stability and resilience
  • Regulatory agenda and priority areas going forward, in relation to emerging issues and risks
  • 15:45 - 16:15 Closing & Certificate Giving Ceremony
    16:15 - 16:45 Tea and refreshments
    Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

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    1.)  Event Session(s) - PDF Format

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