The COVID-19 pandemic has been an unprecedented and major disruptive event for the global economy. The measures taken to contain the pandemic has triggered a major global downturn, but the full impact and scale of risks facing the financial system remain uncertain as the situation evolves.
Along with the rest of the financial system, Institutions offering Islamic Financial Services (IIFS) are likely to face both immediate and future challenges. It raises number of pertinent questions for regulators supervising IIFS and for IIFS themselves regarding whether there are any Islamic finance specificities that create specific implications, risks or challenges which require a different regulatory or supervisory approach from that of conventional financial institutions. Additionally, while governments, central banks, regulators, and international organisations have moved rapidly to address the immediate effects of COVID-19, questions remain on how policy should continue to evolve to preserve financial stability and address the potential medium and longer term effects of COVID-19 on the financial system, and what these might be for the IIFS. This executive programme aims to try and answer some of these crucial questions and to encourage discussion, debate and sharing of country challenges, experiences and policy approaches.
• To discuss the impact of COVID-19 on the global financial system and global economy and its implications for the overall risk environment of IIFS
• To discuss the implications of COVID-19 for IIFS and identify specific risk factors that might arise in relation to specificities of IIFS
• To discuss the areas where regulatory responses may be needed to address the impact of COVID-19 to ensure the resilience and stability of IIFS and the various approaches that are being taken by different regulators
The details of the Executive Programe are as follow:
Date: 7 July 2020
Time: 14:30 - 17:50 (Malaysia time)
Venue: via web conference/webinar
*****This Executive Programme is free for all categories of IFSB members. For Non-Members a participation fee of USD100 will be applicable*****
For registration and enquiries, please email Mrs. Ida Shafinaz Ab. Malek at firstname.lastname@example.org