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ý7th IFSB SUMMIT
Day 1: Tuesday, 4 May 2010 (08:30 - 22:00)
| Time |
Topics |
| 08:00 – 08:45 |
Registration |
| 08:45 – 09:45 |
Opening and Keynote Session |
| 09:45 – 10:15 |
Networking Session and Coffee Break |
| 10:15 – 11:30 |
Session 1: The Changing Landscape of Financial Regulation: Implications for Islamic Financial Services
The lessons learned from the shortcomings in the existing regulations and policies guiding the international financial system have led to significant changes being initiated in the landscape of global financial regulation within the past year. In light of this, what are the implications for the regulation and supervision of Islamic financial services? Are the existing financial regulation structure and prudential standards for Islamic financial services equipped to address the industry’s future challenges? What are the priority areas of prudential regulation for Islamic financial services that need attention?
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| 11:30 – 12:45 |
Session 2: New Architecture for Liquidity Management for Islamic Financial Instruments
There is an apparent void in Sharī`ah-compliant money market instruments for liquidity management, and in the development of Islamic money markets across the globe. What is the existing framework of liquidity management for Islamic financial instruments? What would be the characteristics of a new architecture for the liquidity management? What have been the hindrances to past attempts to develop Islamic money markets and to facilitate liquidity management by central banks and other financial institutions? How can international and regional cooperation contribute to facilitating effective liquidity management by Institution offering Islamic Financial Services with the support of central banks. |
| 12:45 – 14:00 |
Session 3 : Macro-Prudential Surveillance Issues for Islamic Financial Services
Monitoring systemic risks in the financial industry is of immense importance so as to give early warnings of financial instability. This is especially so, given that financial crises can have huge costs. This session will look into the pertinent issues and areas of concern for macro-prudential surveillance in Islamic finance. What structures and risks have to be examined in the Islamic financial services industry? What types of data are needed to conduct macro-prudential analysis and surveillance? |
| 14:00 – 15:30 |
Lunch and Prayers |
| 19:00 |
Gala Dinner and Keynote Address |
Day 2: Wednesday, 5 May 2010
| Time |
Topics |
| 09:30 – 11:00 |
Session 4 : Balanced Growth of Islamic Financial Services - The Sectoral Composition of the Industry as a Contributor to Growth with Stability
The recent global financial crisis has demonstrated that the composition of the different sectors within the financial industry – particularly banking and securities markets and their interaction – plays a role in its balanced development and stability This session will discuss whether the current and evolving composition of the Islamic financial services industry is appropriate for its sound and stable development. What role should national regulators and market players have in guiding the balanced development of the banking, capital market and Takaful sectors? What are the regulatory challenges in promoting this balanced development?
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| 11:00 – 11:30 |
Networking Session and Coffee Break |
| 11:30 – 13:00 |
Session 5 : New Islamic Financial Architecture: Challenges Ahead
The relative roles of international intergovernmental organisations, standard-setting bodies, and global forums, which constitute the global international financial architecture and infrastructure, are still undergoing transformation in response to the global financial crisis. In parallel, the institutional architecture of financial regulations at the national level should respond to changes in both the industry and the global architecture. To what extent have the roles of international intergovernmental organisations and standard-setting bodies changed with regard to the supervision of the global financial system? Does this imply the need for a new set of international infrastructure arrangements for Islamic financial services in order to provide an effective contribution to global financial stability? What are the challenges for the existing International Islamic Infrastructure institutions, namely the IFSB. Is there a need for changes in the various national institutional architectures for Islamic financial services in response to global developments?
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| 13:00 |
Lunch and Prayers |
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End of Summit |
Programme Changes: The IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification. |
