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Group 1146

IFSB-FIS Workshop Series (Sudan)

The Corinthia Hotel Khartoum, Sudan Khartoum

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 [email protected]. 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

Group 1146

IFSB-FIS Workshop Series (Tajikistan)

Dushnabe Dushnabe, Dushnabe

This 4-day workshop is tailored for the National Bank of Tajikistan. It will discuss the introduction to Islamic finance and the following IFSB Standards: IFSB-2: Capital Adequacy Standard for Institutions offering only Islamic Financial Services (IIFS) IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (CAR) for 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 the National Bank of Tajikistan and supported by the Islamic Development Bank. Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 28/03/2017 08:30 - 09:00 Registration 09:00 - 09:30 Opening Remarks by the NBT and IFSB Representatives Group Photo 09:30 - 11:00 Session 1 - Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-2: Capital Adequacy Standard for IIFS Need for Capital Regulation Pillar 1: Capital Adequacy Ratio (CAR): Understanding the Components of CAR CAR Formulas - Standard and Supervisory Discretion Treatment of PSIA - Supervisory Discretion Formula 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Credit Risk Mitigation Day 2 29/03/2017 09:30 - 11:00 Session 4 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Measurement of Capital Adequacy Requirements for Market Risk Measurement of Market Risk Market Risk Weight Conversion Factor Case Study 11:00 - 11:30 Coffee Break 11:30 - 12:00 Session 5 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and Displaced Commercial Risk (DCR) Measurement of Risk Sharing in PSIA Day 3 30/03/2017 09:30 - 11:00 Session 7 - GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS (Cont’d) The Determination of Alpha and DCR Issues on Prudential Regulations and Requirements Role of Supervisory Authority in Determination of Alpha and DCR Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Necessary Preconditions for Effective Supervision Supervisory Approaches in the Supervision of IIFS Regulatory Capital Requirements Advanced Approaches and Supervisory Discretion 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 -IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Internal Capital Adequacy Assessment Process (ICAAP) Corporate and Sharī'ah Governance Related Party Transactions Case Study Day 4 31/03/2017 08:30 - 10:00 Session 10 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Transparency and Market Discipline Consolidated and Cross-sector Supervision Risk Concentrations in IIFS Case Study 10:00 - 10:15 Coffee Break 10:15 - 11:45 Session 11 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Islamic “Windows” Operations Liquidity Risk Management and Supervision Sound Stress Testing Practices Supervisory Transparency and Accountability 11:45 - 12:15 Closing & Certificate Giving Ceremony

Group 1146

12th IFSB Public Lecture on Financial Policy and Stability

Virtual

Programme - Event Session(s) Date Time Topics Day 1 25/05/2021 09:30 - 09:45 Welcoming and Opening Remarks  Dr. Bello Lawal Danbatta, Secretary-General, IFSB 09:45 - 10:30 Public Lecture 1: Current and Post-Pandemic Financial System Stability Challenges: The Way Ahead Speaker: Dr. Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department – International Monetary Fund The COVID-19 pandemic has resulted in economic and financial downturns and market turmoil affecting almost every country around the globe in 2020. To alleviate economic pressures, governments adopted various economic and financial policy measures such as tax relief, postponing loan/financing interest/profit payments, special liquidity to labour-intensive sectors (SMEs, etc) and easing macroprudential and microprudential indicators to maintain financial system stability. The effects of the pandemic seem to continue into 2021, as some countries struggle while others show slight indications of economic recovery. Overall, the majority of countries are continuing their efforts to stimulate the economy and contain the pandemic, through the rollout of vaccination programmes, strict health protocols and increasing health facilities. Fortunately, financial system stability as shown by the improved financial market activities, banking and nonbank performance and investors’ investment activities indicates positive recovery. Amongst the lessons learnt from the pandemic are integrated and coordinated economic and financial policies among authorities; digital transformation and financial technology; more social, health and welfare-oriented economic and financial activities. Banks and financial systems as a whole are witnessing transformation to become more agile and adaptive towards sustainable practices. Some issues to be stressed and elaborated on are: (1) How much has the pandemic transformed the current economic and financial system? (2) How to maintain economic and financial system stability and what policies are more likely to remain in the post-pandemic era and beyond? (3) What are shifting paradigms occurred or need to occur to maintain economic and financial stability? (4) What will be the roles of authorities in post-pandemic era and beyond? 10:30 - 11:00 Break 11:00 - 11:45 Public Lecture 2: Islamic Financial System Stability: Post Pandemic Impacts and Way Ahead Speakers: Dr. Zamir Iqbal, Vice President, Finance, Islamic Development Bank Professor Dr. Asad Zaman, Director General International, Institute of Islamic Economics. International Islamic University Islamabad Economic and financial pressures and instability resulting from the pandemic have transformed economic and financial transactions. Electronic contracts and financial agreements, electronic transactions (e-banking, e-sukuk, e-money, etc), financial technology (less physical interactions) and digital currencies have seen wider use in the business and financial markets.       Due to massive development of start-up companies, various social media and digital-based transactions have created new ways of collecting, investing and managing both commercial and social funds. Securities crowdfunding, e-payment of zakah, waqf, including their distribution via virtual platforms, may lead to potential Sharīʻah risks. These phenomena vividly impact the global Islamic financial system stability and can lead to the transformation of Islamic finance system to face post pandemic challenges and be more agile, adaptive and innovative.   Lately, Islamic finance industry (banks, capital market, takaful) has changed its business model as well as technological adoption in which there are techno-based Islamic finance applications, more social responsive Islamic finance transactions and including eco-friendly Islamic investment applied during and possibly post pandemic condition.     Some areas to be discussed: (1) How is the global Islamic financial (IF) system stability during and post pandemic? Is the policy flexibility in the pandemic caused the resilience of IF or  (2) What are exit policies currently applied in most of jurisdictions to sustain the IF stability?   (3) What are lessons learnt from the pandemic to be responded and incorporated in the current IF practices? (4) What kinds of transformation required by IF to cope with the future economic and finance challenges?     11:45 - 11:45 End of the Public Lecture