Name: 4th Islamic Financial Services Forum: The European Challenge
Start: 2013-04-09T09:00:00+00:00
End: 2013-04-09T17:20:00+00:00
Location: Banca d’Italia, via Nazionale 91

January 2013
Roundtable on the Islamic Financial Services Industry Stability Draft Report

January 21, 2013 @ 9:00 AM - 5:00 PM

Sasana Kijang kuala lumpur, Malaysia

Participation in the Roundtable is BY INVITATION only. For more information on the Roundtable, please email Ms. Yazmin Aziz at [email protected] Programme - Event Session(s) Date Time Topics Day 1 21/01/2013 09:00 - 09:30 Registration 09:30 - 09:40 Opening Session 09:40 - 10:40 Session 1 : Development of the Global Islamic Financial Services Industry (IFSI) Overview of the IFSI Trends in the development of Islamic banks, Islamic capital market, Takāful and Islamic funds (2004-2011) Challenges faced by the industry Assessment on the resilience of the IFSI – financial ratios, stress testing, capital adequacy and Basel III Roles of Islamic capital market and Takāful in ensuring financial stability Further policy recommendations to encourage financial stability Discussion 10:40 - 11:00 Coffee Break 11:00 - 12:00 Session 2 : Islamic Finance and the Changing Global Financial Architecture Global initiatives to promote financial stability Evolving financial architecture for Islamic finance IFSB Standards: Progress of implementation Discussion 12:00 - 13:00 Session 3 : Progress in Promoting the Resilience and Stability of the IFSI Comprehensive set of cross-sectoral prudential standards Development of liquidity management infrastructure Strengthening financial safety nets Effective crisis management and resolution framework Macro-prudential surveillance Discussion 13:00 - 14:00 Lunch & Prayer 14:00 - 15:00 Session 4 : The Islamic Financial Stability Forum An executive summary of the discussions Suggestions on how to achieve an effective and beneficial Forum moving forward Discussion 15:00 - 16:00 Session 5 : Emerging Issues in Financial Stability Consumer protection Financial inclusion Crisis management / threat to stability Discussion 16:00 - 16:30 Coffee Break 16:30 - 17:00 Session 6 : Concluding Remarks and Summary Moving Forward Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Map to Sasana Kijang
The IFSB Public Hearing on Exposure Drafts 14 and 15

January 22, 2013 @ 9:00 AM - 12:15 PM

Forum Room, Sasana Kijang Kuala Lumpur, Malaysia

The Public Hearing will cover the following documents: 1) Exposure Draft 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings 2) Exposure Draft 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 22/01/2013 09:00 - 09:30 Registration 09:30 - 10:00 Presentation on Exposure Draft - 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings 10:00 - 10:30 Question and Answer 10:30 - 11:00 Coffee Break 11:00 - 11:30 Presentation on Exposure Draft - 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes) 11:30 - 12:15 Question and Answer Downloadable Document(s) 1.) Event Session(s) - PDF Format
IFSB-FIS Workshops on Takaful

January 29, 2013 @ 8:15 AM - January 31, 2013 @ 3:30 PM

Corinthia Hotel Khartoum Khartoum, Sudan

The Workshops are hosted by The Insurance Supervisory Authority of Sudan. Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 29/01/2013 08:15 - 08:45 Registration 08:45 - 09:00 Opening Remarks by the IFSB 09:00 - 10:00 Session 1: Introduction to Islamic Finance and Takāful Concept and Contracts in Islamic Finance Takāful Models Prudential Issues in Takāful 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:30 Session 3: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Specificity of Solvency Requirements for Takāful Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders Funds Risk Management Framework 14:30 - 15:30 Lunch Day 2 30/01/2013 09:00 - 10:00 Session 4: Guidance Note on the Recognition of Ratings by External Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings Legal and Corporate Structure Underwriting Surpluses and Capital Levels Analytic Considerations Which Refer in Particular to ReTakāful 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 5: Case Studies 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:30 Session 6: Risk Management and Other Prudential Issues in Takāful 14:30 - 15:30 Lunch Day 3 31/01/2013 09:00 - 10:00 Session 7: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 8: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services General Governance Approach to Sharī`ah Governance Systems Requirements on Sharī`ah Governance Systems 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:00 Session 9: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Case Studies 14:00 - 14:20 Closing Ceremony 14:20 - 15:30 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format
IFSB-FIS Workshops on Liquidity Risk Management and Stress Testing Standards

January 29, 2013 @ 8:45 AM - January 31, 2013 @ 3:30 PM

Corinthia Hotel Khartoum Khartoum, Sudan

The Workshops are hosted by the Central Bank of Sudan Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 29/01/2013 08:45 - 09:00 Opening Remarks by the IFSB 09:00 - 10:30 Session 1: Overview of the Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS Credit Risk Equity Investment Risk Operational Risk Market Risk Liquidity Risk Rate of Return Risk 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 2: Guiding Principles on Liquidity Risk Management for 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 12:30 - 13:00 Coffee Break & Prayers 13:00 - 14:30 Session 3: Guiding Principles on Liquidity Risk Management for 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 14:30 - 15:30 Lunch Day 2 30/01/2013 09:00 - 10:30 Session 4: Guiding Principles on Liquidity Risk Management for IIFS Collaboration Between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Group Discussion 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 5: Guiding Principles on 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 Home-Host and Cross-Sector Supervision of Liquidity Risk Contingency Planning Supervisors Role in the Development of Liquidity Infrastructure Appendices: Suggested Metrics and Monitoring Tools Group Discussion 12:30 - 13:00 Coffee Break & Prayers 13:00 - 14:30 Session 6: 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 IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios 14:30 - 15:30 Lunch Day 3 31/01/2013 09:00 - 10:30 Session 7: Guiding Principles on Stress Testing for IIFS (Cont d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Comprehensive Case Study on Liquidity Risk Stress Testing Group Exercise 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 8: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS Level) Stress Testing Capital Requirements Stress Testing Credit Risk and Market Risk Related Stress Testing 12:30 - 13:00 Coffee Break & Prayers 13:00 - 14:30 Session 9: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFSs 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 14:30 - 14:50 Closing Ceremony 14:50 - 15:30 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format
February 2013
The IFSB Public Hearing on Exposure Drafts 14 and 15

February 17, 2013 @ 8:00 AM - 5:00 PM

Ballroom, Crowne Plaza Hotel Doha, Qatar

The Public Hearing will cover the followings: 1) Exposure Draft 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings 2) Exposure Draft 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 17/02/2013 09:00 - 09:30 Registration 09:30 - 10:00 Presentation on Exposure Draft - 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings 10:00 - 10:30 Question and Answer 10:30 - 11:00 Coffee Break 11:00 - 11:30 Presentation on Exposure Draft - 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes) 11:30 - 12:15 Question and Answer Downloadable Document(s) 1.) Event Session(s) - PDF Format
IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards

February 18, 2013 @ 7:30 AM - February 20, 2013 @ 3:45 PM

Al Manar Hall, Crowne Plaza Doha – The Business Park P.O.Box 22080, Doha airport road. Doha, Qatar

The Workshops are hosted by Qatar Central Bank Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 18/02/2013 07:30 - 08:00 Registration 08:00 - 08:15 Opening Remarks by the IFSB 08:15 - 09:45 Session 1: Overview of the Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB Key Risk Categories 09:45 - 10:15 Coffee Break 10:15 - 11:45 Session 2: Guiding Principles on Liquidity Risk Management for 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 11:45 - 12:15 Coffee Break & Prayers 12:15 - 13:45 Session 3: Guiding Principles on Liquidity Risk Management for 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 13:45 - 14:45 Session 4: Experience Sharing Session 14:45 - 15:45 Lunch Day 2 19/02/2013 08:00 - 09:30 Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Group Discussion 09:30 - 10:00 Coffee Break 10:00 - 11:30 Session 6: Guiding Principles on 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 Home-Host and Cross-Sector Supervision of Liquidity Risk Contingency Planning Supervisors Role in the Development of Liquidity Infrastructure Appendices: Suggested Metrics and Monitoring Tools Group Discussion Experience Sharing Session 11:30 - 12:00 Coffee Break & Prayers 12:00 - 13:30 Session 7: 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 IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios 13:30 - 14:30 Session 8: Experience Sharing Session 14:30 - 15:30 Lunch Day 3 20/02/2013 08:00 - 09:30 Session 9: Guiding Principles on Stress Testing for IIFS (Cont d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Comprehensive Case Study On Liquidity Risk Stress Testing Group Exercise 09:30 - 10:00 Coffee Break 10:00 - 11:30 Session 10: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS Level) Stress Testing Capital Requirements Stress Testing Credit Risk and Market Risk Related Stress Testing 11:30 - 12:00 Coffee Break & Prayers 12:00 - 13:30 Session 11: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFS 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 13:30 - 14:30 Session 12: Experience Sharing Session 14:30 - 14:50 Closing Ceremony 14:50 - 15:50 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format
March 2013
IFSB FIS-Workshop on Islamic Capital Markets

March 4, 2013 @ 9:00 AM - March 5, 2013 @ 5:30 PM

Arapcami Mahallesi Bankalar Caddesi No: 21/A Kat:1-2 34420 Karakoy,Beyoglu, Istanbul Istanbul, Turkey

This Workshop is hosted by the Capital Markets Board of Turkey (CMB) The Workshop will cover the following IFSB Standards and Guiding Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 04/03/2013 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:15 Session 1: Introduction to Islamic Capital Market Concept of Islamic Finance Key Products of Islamic Capital Market Key Issues in Islamic Capital Market 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB - 7: Prudential Issues in Sukūk Instruments Sukūk Structures Collateral Security Structures Risks in a Securitization Structures Operational Requirements Pertaining to Sukūk and Securitizations 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 3: IFSB - 7: Prudential Issues in Sukūk Instruments Cont’d Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Shariah Compliant Securitization Case Study 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Case Study Sukūk Structures Prudential Issues from Sukūk Structures Experience Sharing Session Day 2 05/03/2013 09:00 - 11:00 Session 5: IFSB - 6: Governance for Islamic Collective Investment Schemes Definition of ICIS, General Governance Approach of ICIS Transparency and Disclosure Compliance with Shariah Rules and Principles Additional Protection for ICIS Investors Case Study 11:00 - 11:15 Coffee Break 11:15 - 13:00 Session 6: IFSB-9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Study 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 7: IFSB - 10: Shariah Governance System General Governance Approach to Shariah Governance System Requirements on Shariah Governance System Guiding Principles on Shariah Governance -Case Study & Group Exercise Centralised vs. Decentralised Sharīah Governance System 15:30 - 15:50 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format
IFSB-FIS Workshops for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors

March 11, 2013 @ 9:50 AM - March 13, 2013 @ 4:00 PM

Sasana Kijang, Kuala Lumpur, Malaysia Kuala Lumpur, Malaysia

These Workshops will address the following IFSB Standards and Guidance Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment • IFSB-8: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services • IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 11/03/2013 09:50 - 16:00 Islamic Capital Markets: Sessions 1 - 3 SESSION 1: Introduction to Islamic Capital Market (Concept of Islamic Finance, Products of Islamic Capital Market, Issues in Islamic Capital Market) SESSION 2: IFSB – 7: Prudential Issues in Sukūk Instruments (Sukūk Structures, Collateral Security Structures, Risks in a Securitization Structures, Operational Requirements Pertaining to Sukūk and Securitizations) SESSION 3: IFSB – 7: Prudential Issues in Sukūk Instruments Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Sharī’ah Compliant Securitization Case Studies 09:50 - 16:00 Takâful: Sessions 1 - 3 SESSION 1: Introduction to Islamic Finance and Takāful Concept and Contracts in Islamic Finance Takāful Models Prudential Issues in Takāful SESSION 2: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information SESSION 3: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Specificities of Solvency Requirements for Takāful Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Risk Management Framework Day 2 12/03/2013 &NBSP;DAY2 09:30 - 16:00 Islamic Capital Markets: Sessions 4 - 6 SESSION 4: IFSB – 6: Governance for Islamic Collective Investment Schemes Definition of ICIS General Governance Approach of ICIS Transparency and Disclosure SESSION 5: IFSB – 6: Governance for Islamic Collective Investment Schemes Cont’d Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies SESSION 6: Countries Experiences Sharing session 09:30 - 11:00 Takâful: Sessions 4 - 6 SESSION 4: Case Studies IFSB - 8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB - 11: Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings SESSION 5: Guidance Note on the Recognition of Ratings by external Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings Legal and Corporate Structure Underwriting Surpluses and Capital Levels Analytic Considerations which Refer in Particular to ReTakāful SESSION 6: Risk Management and Other Prudential Issues in Takāfu Country Experience Sharing Session Day 3 13/03/2013 09:30 - 16:00 Islamic Capital Markets & Takâful: Sessions 7 - 9 SESSION 7: IFSB - 9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Studies SESSION 8: IFSB - 10: Sharī’ah Governance System General Governance Approach to Sharī’ah Governance System Requirements on Sharī’ah Governance System SESSION 9:IFSB - 10: Sharī’ah Governance System Case Studies Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Agenda - Takaful
IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards

March 25, 2013 @ 9:00 AM - March 27, 2013 @ 4:30 PM

Grand Dorsett Labuan labuan, Malaysia

The Workshops are hosted by Labuan Financial Services Authority (LFSA) Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 25/03/2013 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session: Opening Remarks by the IFSB 09:50 - 11:15 Session 1: Overview of the IFSB Guiding Principle on Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB key Risk Categorie 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: Guiding Principles on Liquidity Risk Management for 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 Case Study / Group Discussion 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Guiding Principles on Liquidity Risk Management for IIFS Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Case Study / Group Discussion 15:30 - 15:45 Coffee Break 15:45 - 16:30 Session 4: Guiding Principles on Liquidity Risk Management for IIFS Maintaining High - Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah - Compliant Collateral Case Study / Group Discussion Day 2 26/03/2013 09:30 - 11:15 Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration Between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Case Study/ Group Discussion 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 6: 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 Home - Host and Cross - Sector Supervision of Liquidity Risk Supervisors Role in Contingency Planning & Development of Infrastructure Case Study / Group Discussion 13:00 - 14:00 Lunch and Prayers 14:00 - 15:00 Session 7: Launching of the IFSB Survey Findings on Sharī`ah - Compliant Lender of Last Resort (SLOLR) 15:00 - 15:15 Coffee Break 15:15 - 16:30 Session 8: 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 IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Day 3 27/03/2013 09:30 - 11:15 Session 9: Guiding Principles on Stress Testing for IIFS (Cont’d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Case Study on Liquidity Risk Stress Testing Group Exercise 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 10: Stress Testing Solvency Simulation Exercises: How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 11: Stress Testing Solvency Simulation Exercises (Cont d): How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing 15:30 - 16:45 Coffee Break 15:45 - 16:00 Session 12: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFSs 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 16:30 - 17:00 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format
April 2013
IFSB Annual Meetings 2013: 22nd Meeting of the Council, 11th General Assembly of the Islamic Financial Services Board & Other Events

April 6, 2013 @ 8:30 AM - April 7, 2013 @ 10:00 PM

- Bali, Indonesia

The Annual Meetings 2013 are hosted by Qatar Central Bank. Invitation letters have been sent to all members. Please submit your registration forms to Ms. Ismawaty at [email protected] / [email protected]. Programme - Event Session(s) Date Time Topics Day 1 06/04/2013 EVENT 1 : IFSB-IRTI ROUNDTABLE ON THE MID-TERM REVIEW OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY DEVELOPMENT: TEN-YEAR FRAMEWORK AND STRATEGIES EVENT 2 : IFSB MEET-THE-MEMBERS SESSION 08:30 - 09:00 EVENT 1 : IFSB-IRTI ROUNDTABLE ON THE MID-TERM REVIEW OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY DEVELOPMENT: TEN-YEAR FRAMEWORK AND STRATEGIES Registration 09:00 - 09:15 Opening and Welcoming Address 09:15 - 09:45 Session 1: The Ten-Year Framework and Strategies and Their Relevance in Light of The Current Financial Climate Overview of the Ten-Year Framework and Strategies: Status and assumptions Progress of the implementation of the Ten-Year Framework and Strategies Development in the global financial system post-crisis and the impact on the Ten-Year Framework and Strategies The relevance of the Ten-Year Framework and Strategies post-crisis: New challenges and priorities for the IFSI 09:45 - 09:45 Discussion 10:15 - 10:30 Coffee Break 10:30 - 11:00 Session 2: National Level Strategic Plans for The Promotion and Development of Islamic Finance Post-Crisis in the Following Regions: (a) Developed jurisdictions in Asia and the Middle East (b) Developing jurisdictions in Europe (c) New entrance in A Country Experience Specific and Common Issues Faced by the Regions Challenges in Terms of Islamic Financial Architecture and Infrastructure and Institutions 11:00 - 11:30 Discussion 11:30 - 12:15 Session 3: Islamic Financial Architecture and Infrastructure Development: Review of The Broad Strategies and Initiatives Identified in The 10-Year Framework Islamic financial architecture and infrastructure development for Islamic banks, non-banking financial institutions, Islamic capital markets and Takaful: Progress of strategies and initiatives, and issues and challenges Outlook and new challenges facing the IFSI in terms of financial architecture and infrastructure requirements Policies and enabling environment for the IFSI Proposed priorities and recommendations for financial architecture and infrastructure development in light of the changing landscape in the global financial system 12:15 - 12:45 Discussion 12:45 - 14:15 EVENT 2: Meet the Members Lunch (For IFSB Members Only) Arrival of Guests Opening Session-Welcoming remarks Interactive Session-Presentation & Q&A Session Luncheon 14:15 - 15:00 Session 4: Institutional Development: Review of The Current Broad Strategies and Initiatives Identified in The 10-Year Framework Institutional development for Islamic banks, non-banking financial institutions, Islamic capital markets and Takaful: Progress of strategies and initiatives, and issues and challenges Outlook and new challenges facing the IFSI in terms of institutional development Proposed priorities and recommendations for institutional development in light of the changing landscape in the global financial system 15:00 - 15:30 Discussion 15:30 - 16:15 Session 5: Implementation of the Ten-Year Framework and Strategies: The Way Forward Formulating and implementing new strategies and initiatives to achieve the objective of the Ten-Year Framework and Strategies Proposed revision of the Ten-Year Framework and Strategies Resolutions and recommendations for the Ten-Year Framework and Strategies 16:15 - 17:00 Discussion, resolutions and recommendations 17:00 - 17:15 Coffee Break End of Roundtable 20:00 - 22:00 Welcome Dinner Day 2 07/04/2013 22ND COUNCIL MEETING, GENERAL ASSEMBLY AND SIDE EVENT 09:30 - 12:40 22nd meeting of the Council of the IFSB (For Council Members Only) 12:45 - 13:15 11th General Assembly (For IFSB Members Only) 14:30 - 16:00 7th Islamic Financial Stability Forum (For IFSB Council Members, Regulatory Authorities and International Organisation) END OF EVENT Downloadable Document(s) 1.) Event Session(s) - PDF Format
7th Islamic Financial Stability Forum : Financial Reforms in Response to the Global Crisis: Lessons for Islamic Finance in Ensuring Financial Stability

April 7, 2013 @ 2:30 PM - 4:00 PM

Qatar , Qatar

The IFSB organised its 7th Islamic Financial Stability Forum (7th IFSF) on 7 April 2013, in Qatar. The 7th IFSF was held in conjunction with the 22nd Council Meeting of the IFSB, hosted by Qatar Central Bank. Programme - Event Session(s) Date Time Topics Day 1 07/04/2013 14:30 - 14:40 Chairman’s Remarks H.E. Abdullah Saud Al-Thani, Governor, Central Bank of Qatar, and Chairman, Council of the IFSB 14:40 - 15:40 Financial Reforms in Response to the Global Financial Crisis: Lessons for Islamic Finance in Ensuring Financial Stability Performance of the financial services industry post crisis Financial regulatory and supervisory reform: Policies and institutions, implementation and progress to date Integrating Islamic finance into the existing financial architecture Strengtheningthe stability and resilience of the Islamic financial services industry moving forward: Strategies and challenges in implementation Speaker: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia Discussant 1. H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank 2. H.E. Yaseen Anwar, Governor, State Bank of Pakistan 15:40 - 16:00 Coffee and Networking Break End of Forum Downloadable Document(s) 1.) Event Session(s) - PDF Format
4th Islamic Financial Services Forum: The European Challenge

April 9, 2013 @ 9:00 AM - 5:20 PM

Banca d'Italia, via Nazionale 91 rome, Italy

The fourth edition of the Forum series was organised in response to the increasing interest shown by European countries in Islamic financial services which is tailored for European regulators and market players to discuss on issues and challenges that Europe may face in exploring the opportunities and developing its’ Islamic financial services industry. 13 chairpersons and speakers who were senior financial sector supervisors, market players, and experts from international financial institutions were invited to discuss the following four issues at the Forum: Overview of the Islamic Financial Landscape: Globally and in Europe Assessing the Legal, Regulatory and Institutional Challenges in Light of Developments in Europe Sukūk in Europe: Response to a Changing Financial Environment Panel Discussion on Islamic Finance in Europe: Challenges and Opportunities in the Current Financial Climate The Forum saw the attendance of approximately 85 participants from government, regulatory and supervisory bodies, capital markets and industry players as well as academicians. The Forum was hosted by Banca d'Italia. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 09/04/2013 09:00 - 09:30 Registration 09:30 - 10:15 Opening and Keynote Session 10:15 - 11:30 Session 1: Overview of the Islamic Financial Landscape: Globally and in Europe This session explicates the growth and trend of the global Islamic financial services industry, particularly in Europe, its growth drivers, as well as prospects and challenges facing the industry post-crisis. 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2: Assessing the Legal, Regulatory and Institutional Challenges in Light of Developments in Europe The introduction of further regulatory and supervisory reforms post-crisis to promote financial stability in Europe is expected to pose new challenges to the development of the Islamic financial services industry in the region. This session aims to identify the challenges, particularly in the legal, regulatory and institutional areas, and proposed measures that will enable Islamic financial services to be offered in the Euro area. 13:00 - 14:00 Lunch 14:00 - 15:15 Session 3: Sukūk in Europe: Response to a Changing Financial Environment The financial crisis poses challenges to the development and progress of both conventional and Islamic finance in Europe. This session aims to explore the role of Sukūk with reference to their possible value addition and the financial stability and supervisory issues involved. 15:15 - 15:30 Coffee Break 15:30 - 17:00 Session 4: Panel Discussion on Islamic Finance in Europe: Challenges and Opportunities in the Current Financial Climate The session proposes to identify the current challenges and opportunities presented by Islamic Finance for the European nations from various viewpoints. 17:00 - 17:20 Concluding Remarks Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure 3.) Hotel Reservation Form - Grand Hotel de la Minerve 4.) Hotel Reservation Form - Jumeirah Hotel 5.) Hotel Reservation Form - Quirinale Hotel 6.) Hotel Reservation Form - St. Regis Hotel 7.) List of Hotels in Rome

January 2013

Roundtable on the Islamic Financial Services Industry Stability Draft Report

The IFSB Public Hearing on Exposure Drafts 14 and 15

IFSB-FIS Workshops on Takaful

IFSB-FIS Workshops on Liquidity Risk Management and Stress Testing Standards

February 2013

The IFSB Public Hearing on Exposure Drafts 14 and 15

IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards

March 2013

IFSB FIS-Workshop on Islamic Capital Markets

IFSB-FIS Workshops for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors

IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards

April 2013

IFSB Annual Meetings 2013: 22nd Meeting of the Council, 11th General Assembly of the Islamic Financial Services Board & Other Events

7th Islamic Financial Stability Forum : Financial Reforms in Response to the Global Crisis: Lessons for Islamic Finance in Ensuring Financial Stability

4th Islamic Financial Services Forum: The European Challenge

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