IFSB Executive Forum – Effective Risk Management Oversight and Governance of Islamic Banks
Training Room 3.1 & 3.2, Level 3, Sasana Kijang Training Room 3.1 & 3.2, Level 3, Sasana Kijang, Kuala LumpurThemed "Effective Risk Management Oversight and Governance of Islamic Banks", the IFSB Executive Forum which is targeted at Board of Directors and senior management aims to: Identify the emerging issue in risk management oversight and governance of Islamic banks for the board of directors and senior executives Discuss and share experiences related to governance and oversight of the management of core risk areas, particularly the specific risk aspects of Islamic banks relating to credit, operational, liquidity and market risks as well as Shariah and legal risks in documentation and structuring of Islamic finance products Identify relevant features, criteria, policies and regulation pertaining to risk issues in Islamic banks, current challenges in risk oversight and governance of Islamic banks, in the context of best practices and principles/Standards for effective management and governance of Islamic bank At the end of the 2-day Executive Forum, participants will be able to achieve a greater understanding of risk oversight and governance issues for effective risk management of Islamic banks through shared industry experiences and best practices, and the application of relevant IFSB Standards. For registration and quiries, please email Mrs. Ida Shafinaz Ab. Malek at [email protected] Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 29/10/2018 08:30 - 09:30 Networking Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 10:00 Introduction to the IFSB 10:00 - 11:00 Session 1: Risk Governance of Islamic Banks and Regulatory Compliance (Moderated Session) What are the prevalent practices and critical challenges in oversight of risk management, by the BOD and senior management? What are the new perspectives, industry trends and opportunities for effective governance of risk management for Islamic banks? What are the key considerations in complying with global regulatory requirements? 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Case Studies on Oversight of Operational, Sharīʿah-compliance and Legal Risks: Issues and Challenges What is the impact of the evolving operational risk profile of financial institutions? What are the unique oversight challenges for Sharīʿah non-compliance risk management? What is the impact of legal frameworks on product development for Islamic banks? What are the implications of non-robust Sharīʿah and legal frameworks? How can the BOD and senior management overcome compliance challenges in the above respects and strengthen their internal control systems? 13:00 - 14:30 Lunch and Prayers 14:30 - 16:00 Session 3: Risk Governance and Oversight: Role of the Board and Risk Committee. How can the elements of governance, risk and compliance be integrated towards more effective BOD oversight? What are the considerations in setting the BOD?s expectations for risk management and internal controls? How do you effectively assess the performance of chief risk officers and internal audit functions? How do you minimise the overlaps in responsibilities of the Governance, Risk Management and Audit Committees? 16:00 - 16:30 Coffee and Refreshments Day 2 30/10/2018 08:30 - 09:30 Networking Coffee 09:30 - 10:00 IFSB Presentation on PSIFIs 10:00 - 11:00 Session 4: Case Studies on Oversight of Financial Risk Management: Credit, Market, Liquidity and Equity Risks of Islamic Banks Introductory presentation: Global Perspectives and IFSB Standards Case studies and experience sharing: How do the specific risk features for Islamic banks impact governance? What are the unique considerations and challenges faced in governance structures for oversight of financial risk management of Islamic banks? What are the challenges faced in complying with regulatory requirements for financial risks? 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Role of Transparency and Disclosure in Effective Risk Governance (Panel Discussion) What is the link between effective risk governance and a robust transparency and disclosure environment? What are the new regulatory requirements and how do they impact Islamic banks? (Basel III/IFSB disclosure Standards/Others) What are the challenges faced by institutions in complying with new disclosure regimes and reporting requirements? How can the BOD and senior management contribute to improvements in transparency and disclosure of Islamic banks? 13:00 - 14:30 Lunch 14:30 - 16:00 Session 6: Panel Discussion: The Next Phase in Risk Management and Governance for Islamic Banks What has changed? What are the emerging challenges and trends? What areas should the BOD focus on? What are the barriers to effective risk oversight of Islamic banks for the BOD and senior management? What is the forward vision and emerging best practices in addressing the key risk governance issues? 16:00 - 16:30 Closing & Certificate Giving Ceremony Downloadable Document(s) Event Session(s) - PDF Format Brochure - IFSB Executive Forum
