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DTSTART;TZID=UTC:20121126T090000
DTEND;TZID=UTC:20121130T170000
DTSTAMP:20260613T221333
CREATED:20121125T192423Z
LAST-MODIFIED:20231228T012738Z
UID:12043-1353920400-1354294800@www.ifsb.org
SUMMARY:IFSB-FIS Workshops for Regulatory and Supervisory Authorities - Liquidity Risk Management and Stress Testing Standards
DESCRIPTION:The forthcoming 2012 IFSB-FIS Workshops\, which are catered for the Banking Regulators and Supervisors\, will focus on Risk Management issues in Institutions offering Islamic Financial Services (IIFS)\, with particular attention given to Liquidity Risk Management and Stress Testing arrangements for IIFS. The Workshops will cover the following IFSB Standards and Guiding Principles: • IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services. • IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services. Participation is BY INVITATION only. For more information on the Workshops\, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n26/11/2012\nIFSB-FIS WORKSHOP DAY ONE\n\n\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:50\nOpening Remarks by the IFSB\n\n\n09:50 – 11:10\nSession 1 Islamic Finance: Concept and Contracts and Risk Implications for IIFS Overview of Prudential Issues in IIFS\n\n\n11:10 – 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 (IIFS) – Credit Risk & Supervisory Perspective – Equity Investment Risk & Supervisory Perspective – Operational Risk & Supervisory Perspective – Market Risk & Supervisory Perspective – Liquidity Risk & Supervisory Perspective – Rate of Return Risk & Supervisory Perspective\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:00\nSession 3 Case Studies – Case Studies on Risk Management\n\n\n15:00 – 15:30\nCoffee Break\n\n\n15:30 – 17:00\nSession 4 -Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS – Significance of liquidity risk management for financial institutions in post-crisis world -The regulatory response to global financial crisis – initiatives of global standard setters and supervisory authorities -Challenges in Liquidity Risk Managements by IIFS -The IFSB initiatives and publications on liquidity risk management of IIFS\n\n\nDay 2\n27/11/2012\nIFSB-FIS WORKSHOP DAY TWO\n\n\n09:30 – 11:10\nSession 1 Guiding Principles on Liquidity Risk Management of IIFS – Funding and Market Liquidity Risk – Necessary Conditions for an effective Liquidity Risk Management in IFSI – Governance Structure: Role of the Board of Directors and Senior Management – Identification of Liquidity Risk – Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an Islamic investment company\n\n\n11:10 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 2 Guiding Principles on Liquidity Risk Management of IIFS – Measurement of Liquidity Risk – Diversification of the Funding Base – Consolidated Management of Liquidity Risk – Maintaining High-Quality Liquidity Buffer – Preparing a Contingency Funding Plan – Managing Sharī`ah-Compliant Collateral Case Study – 2: Shari’ah Compliant Alternatives to Repo Transactions – Some practices and initiatives\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:30\nSession 3 Guiding Principles on Liquidity Risk Management of IIFS – Managing Sharī`ah-Compliant Collateral & Collaboration between IIFS – Meeting Payment and Settlement System Obligations – Foreign Exchange Liquidity Risk – Reporting and Disclosure of Liquidity Risk Case Study – 2: Shari’ah Compliant Alternatives to Repo Transactions – Some practices and initiatives Case Study – 3: Insolvency of an IIFS – Management and Supervision of Liquidity Risk\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:00\nSession 4 Guiding Principles Liquidity Risk Management for Supervisory Authorities – Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations – Supervisors’ Role as Provider of Liquidity Support – Supervision of Liquidity Risk at Consolidated Level Case Study – 4: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS Experience sharing by Central Bank of Sudan: Instruments and Mechanisms for Liquidity Management of IIFS in Sudan\n\n\nDay 3\n28/11/2012\nIFSB-FIS WORKSHOP DAY THREE\n\n\n09:30 – 11:00\nSession 1 Guiding Principles Liquidity Risk Management for Supervisory Authorities – Home-Host and Cross-Sector Supervision of Liquidity Risk – Contingency Planning – Supervisors’ Role in the Development of Liquidity Infrastructure Group Discussion – 2: Resolution of Issues in the Management of LCR by the IIFS Experience sharing by Central Bank of Bahrain: Regulatory Framework and Central Bank Tools for Supervision\, Monitoring and Support of Liquidity for the IIFS\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 2 Understanding Stress Testing for Financial Institutions – Stress testing as a risk Management tool – Stress Testing and Global financial crisis – International Guidance on Stress Testing and Gap Analysis – Necessary Conditions For An Effective Stress Testing Regime – IFSB Comprehensive Stress Testing Framework for IIFS\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:00\nSession 3 Issues and Challenges in Conducting Stress Testing: IMF Perspective – Key Issues in Stress Testing for financial institutions and their supervisors – Overcoming challenges in various stages of Stress Testing – Stress Testing and Financial Stability Perspective – Recent EU and USA Stress Testing Key Results & Implications\n\n\n15:00 – 15:30\nCoffee Break\n\n\n15:30 – 17:00\nSession 4 Guiding Principles on Stress Testing for IIFS – Governance Aspects of the Stress Testing Framework – Identification of Risk Factors and Coverage of Scenarios – Specific Elements of IIFS in Stress Testing – Stress Testing Methodologies FSAP and Stress Testing\n\n\nDay 4\n29/11/2012\nIFSB-FIS WORKSHOP DAY FOUR\n\n\n09:30 – 11:00\nSession 1 Guiding Principles on Stress Testing for IIFS (Cont’d) – Stress Testing Methodologies – Frequency of Stress Testing – Outputs of Stress Testing and Remedial Actions – Disclosure of the Stress Testing Programme\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 2 Live Simulations and exercises on: – How to conduct “Micro level (or IIFS level) Stress Testing” – Factors and scenarios to consider for Micro Stress Testing – Exercises/Case Studies on Stress Testing for Selected IIFS – Different IIFS’ portfolios related Stress Testing – Capital Requirements Stress Testing – Credit risk related Stress Testing – Liquidity (i.e. funding and/or market liquidity) Risk Related Stress Testing – Shari’ah non-compliance Stress Testing under Operational Risk – Profitability related Stress Testing\n\n\n13:00 – 14:00\nLunch & Prayer\n\n\n14:00 – 15:30\nSession 3 Guiding Principles on Stress Testing for Supervisory Authorities – Regular and Comprehensive Assessments of IIFS’ Stress Testing – Supervisory Evaluation of an IIFS’s Stress Testing Methodology – Designing and Implementing System-Wide Stress Tests and Frequencies – Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry – Cross-border Issues and Home-Host Coordination – Stress Testing Reporting Disclosures and Format\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:00\nSession 4 Live Simulations and Exercises on: – How to Conduct “Micro level (or IIFS level) Stress Testing” – How to Conduct “Macro-level (or system-wide) Supervisory Stress Testing – Factors and Scenarios to Consider for Micro and Macro-level Stress Testing – Limitations of Supervisory Corrective Actions\n\n\nDay 5\n30/11/2012\nIFSB-FIS WORKSHOP DAY FIVE\n\n\n09:30 – 11:30\nSession 1 – Financial Sector Assessment Programme – FSAP by World Bank-IMF – Experience Sharing by IFSB Member Country – Open Discussion and Dialogue on IFSB Moving forward of Stress Testing\n\n\n11:30 – 11:45\nCoffee Break\n\n\n11:45 – 12:15\nClosing Ceremony\n\n\n12:15 – 13:30\nLunch & Jumma Prayer\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00188-ifsb-fis-workshops-for-regulatory-and-supervisory-authorities-liquidity-risk-management-and-stress-testing-standards/
LOCATION:Sasana Kijang\, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
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