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Category:Awareness Programme
Name:[EVE00457] 14th IFSB-INCEIF Executive Programme - Measures to Create Resilience for the Islamic Finance Industry During and Post-Crisis: Regulator’s Perspectives
Description:

The COVID-19-induced global recession has been an unprecedented and unique crisis for the financial system, as a completely exogenous crisis originating from outside of the financial system. The unique crisis also presented the need for unique policy responses which makes it pertinent to examine how the financial system has responded during the crisis to manage it, and how it might move forward after the crisis to ensure economic and financial system recovery, stability, resilience and growth. It is also imperative to look at the gaps in the current regulatory system that become apparent during the crisis and which requires attention by standard-setters and regulators going forward.

  • To identify the common gaps and shortcomings of the financial regulatory frameworks and approaches in preventing the  financial industry from a crisis
  • To discuss and elaborate policy measures and actions that need to be taken by regulators in order to maintain the       financial system stability and create resilience of the financial industry during a crisis.
  • To understand steps to be taken in sustaining both financial institutions and the economic development of the country post-crisis

 

Start Date:22/10/2020End Date:22/10/2020
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  Event Snapshots

   


  Programme - Event Session(s)

Date Time Topics
Day 1
22/10/2020
14:30 - 14:40 Opening Remarks
14:40 - 15:25 Measures to Create Resilience for the Islamic Finance Industry During and Post-Crisis: Regulator’s Perspectives

At the end of the session, participants will be able to identify best practices and steps that need to be taken in enhancing regulatory frameworksfor crisis management in protecting the financial industry amid crisis.

  • What enhancements in the regulatory frameworks may be considered for financial regulation to effectively address crises?
  • Are the current regulatory regimes for crisis management adequately equipped to handle severe stress scenarios and non-economic sources of crisis?
  • How adaptable is the regulatory framework to new or unique crises?
  • Are there appropriate coordination and integrative mechanisms among regulators for crisis management?
 
15:25 - 15:30 Break
15:30 - 16:15 Session 2: Regulators’ Responses to Crisis

At the end of the session, the participants would be able to understand what policy measures and actions need to be taken by regulators in order to ensure economic and financial system stability and create resilience of the financial industry during a crisis.

  • What are the regulatory policy measures and programs/actions adopted by the regulatory authorities to address Covid-19 impacts on the Islamic financial  sector?
  • How have regulators dealt with crisis preparedness to ensure the safety-net of Islamic financial institutions?
  • What are the priorities for regulatory authorities in managing the soundness of Islamic financial institutions during the crisis?
  • Are there material differences between the Islamic banking sector and its conventional counterparts in dealing with and recovering from the crisis?
16:15 - 16:20 Break
16:20 - 17:05 Session 3: Sustainability of Financial Institutions Post Crisis

 At the end of the session, the participants would be able to understand steps to be taken in sustaining both financial institutions and the economic development of the country post crisis.

  • What are the strategies for ensuring continued sustainability of Islamic financial institutions post crisis?
  • What is the way forward for Islamic financial institutions post crisis in the midst of Banking 4.0?
  • What are the required actions for Islamic financial institutions to channel back their liquidity to the real sector as part of the economic recovery measures of the country?
  • What are the roles of Islamic social finance to sustain economic recovery in line with the Sustainable Development Goals (SDGs)?
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.

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