
IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries
Lanai Kijang Kuala Lumpur, MalaysiaIFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries Programme - Event Session(s) Date Time Topics Day 1 08/11/2010 IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session 09:45 - 11:15 Session 1 Introduction to Islamic Banking: Contracts and Structures of Islamic Banking Products Background and An Overview of IFSB-1 : Risk Management Standard IFSB-1 – Focus on Credit Risk & Supervisory Perspective IFSB-1 – Focus on Equity Risk & Supervisory Perspective IFSB-1 – Focus on Operational Risk & Supervisory Perspective 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 Intensive Case Study – 1 and Discussions - Financial Distress and Failure of Non-IIFS Intensive Case Study – 2 and Discussions - Managing Shari’ah non-compliance and legal risk in IIFS 13:00 - 14:00 Lunch and Prayers 14:00 - 15:00 Session 3 IFSB-1 – Focus on Market Risk & Supervisory Perspective IFSB-1 – Focus on Liquidity Risk & Supervisory Perspective IFSB-1 – Focus on Rate of Return Risk & Supervisory Perspective 15:00 - 15:30 Coffee Break 15:30 - 17:00 Session 4 Group Exercise – 1 and Discussions - Income Gap Analysis and Benchmark Rate Risk: Relationship between Market, rate of return, and liquidity risk Intensive Case Study – 3 - Failure of an IIFS-A: Risk Management Perspective Day 2 09/11/2010 IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) 09:30 - 11:00 Session 1 Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard Capital Adequacy Formulas 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 Measurement of Capital Adequacy Requirements for Credit Risk - Credit Risk Mitigation - Examples - Group Exercise 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3 Measurement of Capital Adequacy Requirements for Market Risk Group Exercise 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4 Measurement of Capital Adequacy Requirements for Operational Risk - Individual Exercise Impact of PSIA and Alpha-Factor on Capital Adequacy of IIFS - Examples Case Study Day 3 10/11/2010 IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT AND GN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHARI`AH-COMPLIANT FINANCIAL INSTRUMENTS 09:30 - 11:00 Session 1 An Overview of IFSB-7 : Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 Capital Requirements for Sukuk and Securitisations 13:00 - 14:00 Lunch & Prayers 14:00 - 15:30 Session 3 Capital Requirements for Real Estate Investments Case Study 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4 GN-1 : Recognition of Rating by External Credit Assessment Institutions (ECAIs) on Shari’ah Compliant Financial Instruments Day 4 11/11/2010 IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS AND IFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) 09:30 - 11:00 Session 1 IFSB-3 : Corporate Governance for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 Recommended Best Practices on Corporate Governance for the IIFS Case Studies 13:00 - 14:00 Lunch & Prayers 14:00 - 15:30 Session 3 Overview of the IFSB-4 : Disclosure to Promote Transparency & Market Discipline Recommended Disclosures for IIFS 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4 Recommended Disclosures for IIFS (continued) Case Studies Day 5 12/11/2010 IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) AND IFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES 09:30 - 11:00 Session 1 Necessary Conditions for Effective Supervision Capital adequacy, Risk Management and Corporate Governance Related Party Transaction Consolidated Home-Host Supervision Supervisory Issues in Real Estate Investments Supervisory Issues in Islamic Windows 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Case Studies 12:30 - 14:30 Lunch and Jumaat Prayer 14:30 - 15:30 Session 3 Recommendation on IFSB-10 : Shari’ah Governance Systems 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 4 Case Studies 17:00 - 17:30 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format