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DTSTART;TZID=UTC:20111121T090000
DTEND;TZID=UTC:20111125T170000
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CREATED:20111120T201625Z
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UID:12099-1321866000-1322240400@www.ifsb.org
SUMMARY:IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries
DESCRIPTION:Participation in the Workshop is by INVITATION only. This workshop will address the following IFSB Standards and Guidance Notes: -IFSB-1 : Risk Management -IFSB-2 : Capital Adequacy -IFSB-3: Corporate Governance -IFSB-4: Transparency and Market Discipline -IFSB-5: Supervisory Review Process -IFSB-7: Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments -IFSB-10: Sharîah Governance Systems -GN-1: Guidance Note In Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Shari`ah-Compliant Financial Instruments -GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders -GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio For more information on the Workshop\, please email to Ms. Yazmin Aziz at yazmin@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n21/11/2011\nISLAMIC FINANCE : CONCEPT & CONTRACTS AND RISKS IMPLICATION FOR IIFS\n\nIFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES\n\n\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:50\nOpening Session\n\n\n09:50 – 11:15\nSession 1 Islamic Finance : Concept & Contracts and Risks Implication for IIFS\n\n\n11:15 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 2 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services • Focus on Credit Risk & Supervisory Perspective • Focus on Equity Risk & Supervisory Perspective • Focus on Operational Risk & Supervisory Perspective\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:00\nSession 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services (cont.) • Focus on Market Risk & Supervisory Perspective • Focus on Liquidity Risk & Supervisory Perspective • Focus on Rate of Return Risk & Supervisory Perspective\n\n\n15:00 – 15:30\nCoffee Break\n\n\n15:30 – 17:00\nSession 4 Intensive Case Study 1 and Discussions : Managing Shari’ah Non-Compliance and Legal Risk in IIFS Intensive Case Study 2 and Discussions : Failure of an IIFS :A Risk Management Perspective Sharing experiences on Risk Management Practices in the IFSB member Countries\n\n\nDay 2\n22/11/2011\nIFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)\n\nGN-2: GUIDANCE NOTE IN CONNECTION WITH THE RISK MANAGEMENT AND CAPITAL ADEQUACY STANDARDS: COMMODITY MURÂBAHAH TRANSACTIONS\n\n\n09:30 – 11:00\nSession 5 Why do we need for capital regulations? Why international framework such as of BCBS (Basel) on Capital adequacy is not applicable to IIFS? How does IFSB Capital Adequacy framework differ with Basel framework in terms of Numerator (i.e. eligible capital) and Denominator (i.e. Credit risk\, Market risk\, and Operational risk)? IFSB-2 : Capital Adequacy Standard for Institutions (other than Insurance Institutions) Offering only Islamic Financial Services (IIFS) • Overview of Capital Adequacy Standard • Capital Adequacy Formulas\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 6 Measurement of Capital Adequacy Requirements for Credit Risk • Credit Risk Mitigation • Examples • Group Exercise\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:30\nSession 7 Measurement of Capital Adequacy Requirements for Market Risk • Examples • Group Exercise • Group Discussion on Regulatory Approaches for Applying Risk Weights on Profit Sharing Modes\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:00\nSession 8 Measurement of Capital Adequacy Requirements for Operational Risk • Individual Exercise Capital Requirements for Islamic Financing Contracts GN-2 : Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions\n\n\nDay 3\n23/11/2011\nGN-4 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO\n\nGN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHARÎ’AH-COMPLIANT FINANCIAL INSTRUMENTS\n\nIFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKÛK & SECURITISATIONS AND REAL ESTATE INVESTMENTS\n\n\n09:30 – 11:00\nSession 9 GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio • Case Study & Discussion : The Determination of Alpha and Displaced Commercial Risk\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 10 Comprehensive Case Study & Discussion on IFSB-2 : Capital Adequacy for IIFS GN-1: Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Sharî’ah-Compliant Financial Instruments Sharing Experiences on Capital Adequacy Requirements in the IFSB Member Countries\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:30\nSession 11 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:00\nSession 12 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate (cont.) Case Study & Discussion\n\n\nDay 4\n24/11/2011\nIFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS\n\nIFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES\n\nGN-3 : GUIDANCE NOTE ON THE PRACTICE OF SMOOTHING THE PROFITS PAYOUT TO INVESTMENT ACCOUNT HOLDERS\n\n\n09:30 – 11:00\nSession 13 IFSB-3 : Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds • Overview of Corporate Governance • Recommended Best Practices on Corporate Governance for the IIFS\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 14 Recommended Best Practices on Corporate Governance for the IIFS (cont.) GN-3 : Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders Case Studies on IFSB-3\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 16:00\nSession 15 IFSB-10 : Guiding Principles On Shariah Governance Systems For Institutions Offering Islamic Financial Services • Overview of Shari’ah Governance Systems • General Approach to Shari’ah Governance Systems Criteria for Sound Shari’ah Governance Systems Case Studies Sharing Experiences on Corporate Governance & Shari’ah Governance for IIFS in the IFSB Member Countries\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 5\n25/11/2011\nIFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)\n\nIFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKÂFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)\n\n\n09:30 – 11:00\nSession 16 IFSB-4 : Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds) • Overview of Transparency and Market Discipline • Recommended Disclosures for IIFS\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 12:30\nSession 17 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) • Overview of Supervisory Review Process • Necessary Conditions for Effective Supervision • Consolidated Home-Host Supervision • Supervisory Issues in Islamic Windows\n\n\n12:30 – 14:30\nLunch and Juma’ah Prayer\n\n\n14:30 – 15:30\nSession 18 Case Studies & Discussion on Supervisory Review Process Sharing Experiences on Supervisory Review Process for IIFS in the IFSB Member Countries\n\n\n15:30 – 16:00\nClosing Ceremony\n\n\n16:00 – 16:30\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nMap to Sasana Kijang
URL:https://www.ifsb.org/event/eve00163-ifsb-fis-workshop-on-ifsb-standards-for-regulatory-and-supervisory-authorities-of-the-ifsb-member-countries/
LOCATION:Training Room 2.1 & 2.2\, Sasana Kijang\, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia
CATEGORIES:Capacity Building
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