Events

The Islamic Financial Services Board (IFSB) and the Bahrain Institute of Banking and Finance (BIBF) will be jointly organising the Inaugural IFSB-BIBF Islamic Finance Executive Programme: Building Robust Risk Management Infrastructure - Growth Driver for Islamic Finance on 15 – 16 October 2014, in BIBF, Manama, Bahrain.  The IFSB-BIBF Islamic Finance Executive Programme (IFEP) provides a unique opportunity for industry leaders and top management teams of financial institutions and supervisors of the Islamic financial services industry to engage in thorough deliberations on contemporary issues in Islamic Finance. The IFEP will see key presenters facilitating extensive knowledge-sharing with their contemporaries and peers.  The inaugural IFSB-BIBF IFEP themed “Building Robust Risk Management Infrastructure: Growth Driver for Islamic Finance” will see senior industry practitioners, regulators and academics sharing their thoughts on the management of wide array of risks inherent in Islamic banking institutions. To date, the following speakers are confirmed to speak at the IFEP: Mr Khalid Hamad Abdul-Rahman Hamad, Executive Director of Banking Supervision, Central Bank of Bahrain Mr Zahid ur Rehman Khokher, Assistant Secretary-General, IFSB Mr Hussain Ali Sharaf, Director of Islamic Financial Institutions Supervision, Central Bank of Bahrain Mr Serdar Güner, Director, Supervision, Dubai Financial Services Authority Mr Abdulhakeem Y. Al-Khayyat, Managing Director & CEO, Kuwait Finance House, Bahrain Mr Faizal Jaafar, Manager, Islamic Banking & Takāful Department, Bank Negara Malaysia Mr Amit Yashpal, Head of Risk Management, Kuwait Finance House, Bahrain Dr Muhammad Al-Bashir Muhammad Al-Amine, Group Head of Sharī`ah, Bank Alkhair Mr Asad Jafree, Managing Partner, Insignia Consulting Mr Ashley Freeman, Senior Counsel, Charles Russell Mr Hani Redha, Head of Centre for Islamic Finance, BIBF For more information on the Executive Programme, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 15/10/2014 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening & Welcoming Address 09:45 - 11:00 Session 1: Risk Sharing: Enhancing Potentials and Confronting Issues Exploring Business Opportunities for Equity Investment and Financing Applying Risk-Sharing Principles- Key Challenges and Emerging Practices Mitigating Risks in Equity Investment and Financing Regulatory and Commercial Issues in Financing on a Risk-Sharing Basis 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Enterprise Risk Management (ERM) Framework for Islamic Banks Overall Framework of ERM – Why it is vital? Risk Appetite & Risk Strategy for Islamic Banks Islamic Bank vs. Conventional Bank Approaches Risk Governance and Control 13:00 - 14:00 Lunch and Prayer 14:00 - 15:30 Session 3: Credit Risk Management in Islamic Banking & Risk Mitigation Approaches Applying Global Financial Regulatory Framework to Islamic Banking Products Lessons Learnt from the Previous Default Cases Credit Risk Mitigation: Risk Aversion vs. Risk Sharing Restructuring Islamic Financing Products– Some Key Considerations 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Global Developments in Liquidity Management Overview of the Development In Liquidity Management Essential Infrastructure for Liquidity Management Liquidity Risk Management Indicator in Islamic Finance Jurisdictions International Standards on Liquidity Risk Management Market Development in the Origination of Sharī`ah-Compliant High Quality Liquid Assets (HQLA) Day 2 16/10/2014 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 5: Managing Sharī`ah Non-Compliance Risk Sharī`ah Non-Compliance Risk and its Potential Impacts on Islamic Banks Risk Mitigating Techniques for Sharī`ah Non-Compliance Risk Role of Internal Sharī`ah Governance Framework in Islamic Banks Source of Sharī`ah Non-Compliance Risk in Institution Offering Islamic Financial Services (IIFS) Operations 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Regulating Minimum Capital Requirements from Bail-out to Bail-in The Impact of Changes in Global Regulatory Capital Regimes on Islamic Banks Structuring Innovative Capital Instruments for Islamic Banks Sharī`ah Challenges in Structuring Contingent Capital Recent Examples in Structuring Basel III Capital Instruments – Successes and Limitations 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 7: Panel Discussion on Risk Governance and Supervision (3 Panellists) Risk and Governance from an Islamic Banking Perspective Risk-based Supervision in Islamic Banking Role of Disclosure in Effective Risk Management In Islamic Banks 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure 3.) General Information Sheet

This Seminar is jointly organised by the IFSB and the Financial Stability Institute (FSI). It is hosted by the Qatar Central Bank. The Seminar is only open for regulatory and supervisory authorities, from both conventional and Islamic finance industries. More information shall be updated in due course. For participation and further details on the Seminar, please email Mrs. Ida Shafinaz Ab. Malek at [email protected] Programme - Event Session(s) Date Time Topics Day 1 28/10/2014 08:30 - 09:30 Registration 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Coffee Break and Networking 11:00 - 12:00 Session 1: Managing Liquidity and Liquidity Risks to Promote Financial Stability The session will discuss the building blocks necessary to support both conventional banks and institutions offering Islamic financial services (IIFS) in managing their liquidity risk to promote financial stability. The discussions will focus on the close relation between liquidity management and financial stability, the infrastructure components that are required to facilitate measuring and managing liquidity risks as well as the role of supervisory bodies and central banks in this process. This would include the supply of high-quality liquid assets (HQLA) and providing lender of last resort facilities. 12:00 - 13:00 Session 2: Global Regulatory Developments in Liquidity Risk Management The session will focus on the current and emerging international standards on liquidity risk management – both qualitative and quantitative. It aims to provide an overview of the guiding principles, standards and guidelines on intraday, short- and long-term management of liquidity risk issued by the Basel Committee on Banking Supervision, with a special emphasis on the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The session will provide insights on how these global standards are being incorporated in the national regulations by various supervisory authorities. 13:00 - 14:00 Lunch 14:00 - 15:15 Session 3: Global Developments in Liquidity Risk and Challenges for Islamic Finance The session will discuss global developments in liquidity risk management and challenges faced by IIFS in complying with the liquidity standards. The deliberations will also include progress made by the IFSB in providing guidance on liquidity risk and adopting global liquidity standards including the LCR and NSFR for the IIFS. In addition to discussing challenges related to Sharī`ah-complaint HQLA, treatment of profit-sharing investment accounts, Sharī`ah-compliant repo mechanisms and application of alternative liquidity approaches for the Islamic financial services industry, the session will cover the progress made by various jurisdictions in resolving some of these issues. 15:15 - 15:45 Coffee Break and Networking 15:45 - 17:00 Session 4: Key Elements for Structuring Liquidity Instruments by the Public Sector This session will focus on the key components for structuring and issuing high-quality instruments by sovereigns and central banks in local and international currencies. Speakers will highlight the advantages of linking public debt management and development programmes with government financing instruments that are issued in sufficient volume and on a predictable schedule. The session will focus on the use of both conventional and Sharī`ah-compliant liquidity instruments for monetary policy and money market operations. Day 2 29/10/2014 09:30 - 10:45 Session 5: Liquidity Risk Management, Monitoring and Supervision: Liquidity Stress Testing This session will discuss the tools for the measurement, monitoring, reporting and supervision of liquidity risk at the institutional and market levels, including liquidity stress tests. The session will also incorporate current practices and emerging trends in the supervision of liquidity risk for both conventional and Islamic banks, especially from the perspective of meeting LCR, NSFR and intraday requirements. 10:45 - 11:15 Coffee Break and Networking 11:15 - 12:30 Session 6: Panel Discussion: Emerging Trends and Challenges in Supervising Liquidity Risk Management in the Banking Industry This session aims to discuss practices and challenges in the supervision of liquidity management in banking institutions – both conventional and Islamic. It will also cover the updates on new liquidity products and trading mechanisms being developed in various jurisdictions and the monitoring tools used by supervisors to track the activity and performance of these tools. Cross-border transfer of liquidity risk and the challenges it poses for the regulation and supervision of this risk will be part of the discussions. In addition, panellists will touch on the role of central banks and supervisory authorities in developing transparent and liquid markets, with a special emphasis on enhancing cross-border trading of instruments. Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation Form