Events

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

This IFSB-INCEIF Executive Forum on Global Regulatory Reforms: What They Mean for Islamic Finance offers a platform for high level deliberations and exchanges of views among participants – global leaders from among practitioners, regulators and academics – on how the global regulatory initiatives may have impacted the stability, development and growth of the Islamic financial services industry. Among others, the two-day Executive Forum will see the sharing of experiences and discussions of speci­fic issues facilitated by experienced speakers from among regulators, industry leaders and academics. The participants will bene­fit from delivering views of counterparts and peers of different backgrounds and geographical locations. To date, the following speakers are confirmed to speak at this Executive Forum: Dr. Ali Al Amari, Senior Director of Regulatory Affairs, Qatar Financial Centre Regulatory Authority Mr. Serdar Güner, Director of Supervision, Dubai Financial Services Authority Dr. Rifki Ismal - Assistant Director, Department of Islamic Banking, Bank Indonesia Mr. Naimi Shuib, Risk Specialist, Bank Negara Malaysia Mr. Mehmet S. Yurtcicek, Head of Legal Affairs Department, Banking Regulation and Supervision Agency of Turkey Mr. Norfadelizan Abdul Rahman, President Director, Maybank Syariah Indonesia Mr. Ahmad Nasri Abdul Wahab, Head of Islamic Business Advisory, KPMG Malaysia Dr. Hakimah Yaakob, Associate Researcher, ISRA For more information on the Executive Forum, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 10/11/2014 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening & Welcoming Address 09:45 - 11:00 Session 1: Global Regulatory Reforms and Islamic Finance: An Overview Current State of Regulatory Reforms in the Conventional Sector: Is Convergence with Islamic Finance Taking Place? Impact of the Evolving Global Regulatory Policy Landscape on Islamic Finance: Challenges and Opportunities Market and Supervisory Perspectives on Adopting Global Reforms: Future Direction 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Capital Reforms: From Bail-out to Bail-in Economic Rationale behind Bailing-in Sharī`ah Issues in Innovative Contingent Capital Supervisory Considerations and Cross-Border Challenges Examples of Basel III-Compliant Capital Instruments Issued by Islamic Banks 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Internal Capital Adequacy Assessment Process (ICAAP): Achieving Excellence in the New World of Scarce Capital Building Internal Systems to Facilitate the Implementation of ICAAP Risk Governance, Appetite and Strategy Discussion on ICAAP Global Benchmarking Understanding ICAAP from the Consolidation and Standalone Perspectives 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Thoughts on Macroprudential Reforms: Beyond Conventional Supervision Overview on Macroprudential Policy and its Importance Post-Financial Turmoil Macroprudential Indicators, Objectives and Tools The Role of IIFS in Macroprudential Policy Challenges in Incorporating the Specificities of Islamic Finance in National Macroprudential Policies Day 2 11/11/2014 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 5: Robust Liquidity Management: Emerging Trends in Asset Liability Current and Evolving Regulatory Reforms around Liquidity Management – High Quality Liquid Assets (HQLA) Contemporary Liquidity Ratios – Net Stable Funding Ratio (NSFR) and the Liquidity Coverage Ratio (LCR): Impact on Islamic finance Challenges and Trends in Asset-Liability Management for IIFS in the Light of Global Developments The Path Forward: Imperatives for Islamic Financial Institutions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Resolution of Financial Institutions: How Islamic Finance will Response to This Challenge International Development by Financial Stability Board (FSB) and other Standard-Setting Bodies Enhancing the Current Legal Framework Reform Greater Coordination between Home and Host Supervision and Cross-border Resolutions Supervisory Challenges in Cross-border Resolutions 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 7: Panel Discussion - Strategies and Practices in Implementing the Reform Agenda: Experience-Sharing and Lessons Drawn The Role of Transparency and Disclosure in Market Discipline Too-Big-to-Fail in Islamic Finance – Focus on Domestic and Regional Players The Impact of Reforms in Accounting and Taxation Framework 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 - EF5 3.) Lanai Kijang Reservation Form 4.) Survey on Use of SDMX for Islamic Finance Indicators