IFSB 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