IFSB-FIS Workshop Series (Sudan)
2016-01-11 09:00 - 2023-01-14 16:30 UTC | The Corinthia Hotel Khartoum, Sudan, Khartoum, Sudan
This 4-day workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector within Sudan. The major focus of the workshop will be on the most recent Guiding Principles which address the new global regulatory requirements for the supervisory review process and for liquidity management. The workshop will discuss the following IFSB Standards:

IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS

Overall, this Workshop aims to:

Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;

Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and

Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is hosted by Central Bank of Sudan and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
11/01/2016
09:00 – 09:30
Registration

09:30 – 09:45
Opening Session by the IFSB and the CBOS Representatives

09:45 – 11:00
Session 1: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (SRP) Introduction to IFSB-16 Necessary Preconditions for Effective Supervision Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-16: Revised Guidance on Key Elements In The SRP – Continued Regulatory Capital Requirements Guidance on the Slotting Method Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 3: IFSB-16: Revised Guidance on Key Elements In The SRP – Continued Internal Capital Adequacy Assessment Process (ICAAP) ICAAP Framework for IIFS Supervisory Review Process in ICAAP Case Study

16:00 – 16:30
Coffee Break

Day 2
12/01/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 4: IFSB-16: Revised Guidance on Key Elements In The SRP – Continued Corporate Governance Sharī`ah Governance Risk Management Processes Enterprise-wide Risk Management Framework

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB 16: Revised Guidance on Key Elements In The SRP – Continued Related Party Transactions Secrutisation Risk and Related Off-balance Sheet Exposures Special Purpose Entities (SPEs) and Key Considerations in the Supervisory Review Process Case Study

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 6: IFSB 16: Revised Guidance on Key Elements In The SRP – Continued Transparency and Market Discipline Consolidated and Home-host Supervision Supervisory College and IIFS Specific Issues Case Study

16:00 – 16:30
Coffee Break

Day 3
13/01/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 7: IFSB 16: Revised Guidance on Key Elements In The SRP – Continued Supervisory Review for Credit Concentration Risk Concentration Limits for Real Estate Investment Islamic Windows Operations Case Study

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-16: Revised Guidance on Key Elements In The SRP – Continued Liquidity Risk Management and Supervision Sound Stress Testing Practices Sharī`ah-compliant Hedging Techniques Supervisory Transparency and Accountability

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 9: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the Liquidity Coverage Ratio (LCR) in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA

16:00 – 16:30
Coffee Break

Day 4
14/01/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management – Continued Components of Total Net Cash Outflows Categories of Cash Outflow Cash Inflows Case Study

11:30 – 11:30
Coffee Break

11:30 – 13:00
Session 11: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management – Continued Net Stable Funding Ratio (NSFR) Application of the NSFR in IIFS The Internal Liquidity Adequacy Assessment and Supervisory Liquidity Review Processes Application of LCR and NSFR

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 12: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management – Continued Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Evaluation of the Market Liquidity of Assets Case Study

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:45
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

World Bank-IFSB-Turkish Treasury Conference on Takaful : Realising the Value Proposition of the Takaful Industry for a Stable and Inclusive Financial System
2016-05-30 08:00 - 2016-05-31 17:00 | Renaissance Istanbul Polat Bosphorus Hotel, Istanbul, Turkey
This Conference was jointly organised by the Islamic Financial Services Board (IFSB), the World Bank and Undersecretariat of Treasury of the Republic of Turkey and supported by the Insurance Association of Turkey and Participation Insurance Association of Turkey on 30 & 31 May 2016, in Istanbul, Turkey.

This Conference aimed to provide a platform for global practitioners and stakeholders in Takāful industry to discuss selected emerging issues. It covered issues such as the recent outlook of the Takāful industry and its potential in enhancing risk coverage of households and corporates, as a tool for financial inclusion, as well as its role in supporting the growth of Islamic finance industry globally.

The Conference included discussions on the developments made in the legal, regulatory, and supervisory framework for Takāful and Retakāful sectors, focusing on the pre-requisites and governance of these sectors at national and international levels.

18 chairpersons and discussants who were senior financial sector supervisors and experts from international financial institutions participated as speakers who panelled the following sessions:

Global Overview of the Takāful Sector: Trends and Policy Developments
Regulatory Developments and Implications for the Industry – Contrasting the Various Approaches to Regulating Takāful
The Role of Microtakāful in Financial Inclusion
Risk Management and Governance in Takāful
Challenges in Developing the Retakāful Sector
Panel Discussion – Taking Takāful to the Next Level

The Conference saw the attendance of nearly 100 participants from government, regulatory and supervisory bodies, legal sector and higher learning institutions.

The Papers of this Conference are planned to be published in a joint IFSB-WB publication.

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/05/2016
08:30 – 09:00
Reception and Registration

09:00 – 09:30
Opening and Welcoming Remarks

09:30 – 10:00
Keynote Addresses

10:00 – 10:30
Coffee Break

10:30 – 11:45
Session 1: Global Overview of the Takāful Sector: Trends and Policy Developments This session provides participants with an overview of the Takāful industry, worldwide growth trends and policy developments in various regions. Participants will be able to have a view of how the industry has evolved since Takāful started in 1970s as well as the various challenges faced by the new and matured Takāful markets. Participants of the conference will also get insights into how the industry contributes to the stability of financial system through its risk sharing features.

11:45 – 13:00
Session 2: Regulatory Developments and Implications for the Industry – Contrasting the Various Approaches to Regulating Takāful This session aims to exemplify how the evolving regulatory requirements of the global standard setting institutions are impacting the regulation of the industry. The challenges faced by the regulators in harmonising the standards of the conventional insurance and Takāful sector shall be illustrated. The session will also illuminate on the industry players’ perspective on meeting the evolving regulatory landscape and implications for their operations.

13:00 – 14:00
Luncheon

14:00 – 15:15
Session 3: The Role of Microtakāful in Financial Inclusion This session aims to highlight how Microtakāful contribute the availability of risk coverage products to the wider sections of society. Initiatives of various countries and institutions will be shared with the participants to provide a reflection on how the excluded sections of society benefit from the Sharī`ah compliant and affordable insurance products and services.

15:15 – 15:45
Coffee Break

15:45 – 17:00
Session 4: Risk Management and Governance in Takāful This session aims to provide the various governance structures that have been proven to be effective for jurisdictions in managing the risks in Takāful operation. Key elements of risk management will be shared with the participants to provide an enhanced understanding of how Takāful Operators are able to better equip themselves in managing the diverse risks.

Day 2
31/05/2016
08:30 – 09:00
Morning Coffee

09:00 – 10:15
Session 5: Challenges in Developing the Retakāful Sector This session draws upon the issues and challenges faced by the Retakāful sector in meeting the demands from the Takāful industry. The (lack of) regulation of Retakāful activities has thus far created misinterpretation on various aspects of Retakāful operation. This calls for the need to have a standardised supervising method of Retakāful activities, in addition to garnering best practices by the industry players. Participants will be able to get a view of what the IFSB has recommended in its latest standard on Retakāful, IFSB-18: Guiding Principles of Retakāful (Islamic Reinsurance).

10:15 – 10:45
Coffee Break

10:45 – 12:00
Session 6: Panel Discussion – Taking Takāful to the Next Level This final session gathers experienced Takāful industry players, regulators, and thought leaders to deliberate on the way forward for the Takāful industry. They will share their thoughts on Takāful outlook, underlying opportunities, and how the industry should brace itself for the development in the next 20 years.

12:00 – 12:15
Closing Remarks

12:15 – 14:00
End of Conference / Luncheon

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure

3.)

Renaissance Istanbul Polat Bosphorus Hotel – Form
