The Islamic Financial Services Board (IFSB) and the INCEIF - The Global University of Islamic Finance are organising the fifth and sixth Executive Forum (EF) on Islamic Finance series in November and December 2014. The IFSB-INCEIF Executive Forums aim to provide a platform for global leaders in Islamic finance to discuss selected emerging issues facing the global Islamic financial services industry, emphasising on issues related to supervision and prudential regulation, both at national and international levels, harnessing from the experiences of a distinguished pool of global experts, academics and practitioners.
The final EF for this year on Sound Governance Practices: Promoting Stability in Islamic Financewhich will be held on 9 - 10 December 2014 aims to provide a platform for high level deliberations and exchanges of views among speakers and participants - global leaders from among practitioners, regulators and academics.
The Executive Forum is targeted for mid to senior-level management who seek to sharpen their skills and deepen their knowledge of the industry's driving factors, as well as broaden their cross-border perspective. It is ideal for Chief Executive Officers and Board Members of investment companies, credit rating agencies, special purpose entities, credit enhancement companies, as well as originators/issuers, and senior financial advisors. The Forum will also benefit senior managers in risk management, governance and compliance functions, as well as regulators and supervisors of the Islamic banking sector, auditors, lawyers and academics. Experienced practitioners, banking supervisors, and thought leaders are brought together in this Executive Forum, which encourages knowledge sharing and active discussions.
The 5th edition of the Executive Forum, themed, Global Regulatory Reforms: What They Mean For Islamic Finance will be held on 10 - 11 November 2014 in Sasana Kijang, Kuala Lumpur, Malaysia. This EF emphasises on the recent global regulatory reforms and how they impact the stability, development and growth of the Islamic financial services industry. It will also include deliberations on macroprudential reforms highlighting the importance of macroprudential issues in financial stability and the efficiency of macroprudential policy in achieving greater stability for the industry.
This EF will provide in-depth knowledge on the fundamental subjects related to the existing Basel Framework, and the main aspects of the Basel III Requirements. It will also discuss reforms made to the banking sector capital framework, moving from bail-out to bail-in, and enhanced focus on Internal Capital Adequacy Assessment Process (ICAAP). Speakers will also follow global developments in liquidity management and their impact on asset liability management in order to develop a comprehensive and effective liquidity infrastructure for the banking sector. Furthermore, the EF will feature a panel discussion on the strategies and practices in implementing the reform agenda, in which participants will be exposed to real issues and challenges in implementing global regulatory reform from the perspective of both market players and supervisors.
The 6th edition of EF also aims to deliberate on the key trends and dynamics of corporate governance initiatives in the global and Islamic finance industry. Among others, the two-day Executive Forum will discuss the evolving roles of the Board of Directors, Board and management committees and their capacity to meet challenges related to risk governance and internal control. It also seeks to provide insights on how institutions offering Islamic financial services (IIFS) should align their corporate and Shari`ah governance practices to promote and achieve industry stability. Participants will benefit from the differing views of counterparts and peers of various backgrounds and geographical locations.
For further information and to register, do visit www.ifsb.org. Please contact Mr. Hamizi Hamzah athamizi@ifsb.org / ifsb_sec@ifsb.org for queries on the Executive Forum series.
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About the Islamic Financial Services Board (IFSB)The IFSB is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. The IFSB also conducts research and coordinates initiatives on industry-related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.
The members of the IFSB comprise regulatory and supervisory authorities, international inter-governmental organisations and market players, professional firms and industry associations.
For more information about the IFSB, please visit www.ifsb.org.
About INCEIFINCEIF - The Global University of Islamic Finance, is set up by Bank Negara Malaysia to develop human capital for the global Islamic finance industry. Apart from its academic programmes, which are Chartered Islamic Finance Professional, Master in Islamic Finance Practice, MSc in Islamic Finance and PhD in Islamic Finance, INCEIF also offers customised executive training programmes and industry-focused applied research in line with its vision to be the knowledge and thought leader in Islamic finance.
INCEIF syllabus is structured with inputs from industry players to bridge the gap between academic knowledge and industry experience. INCEIF faculty members, who are globally respected among the Islamic finance academia and industry, have a combined wealth of experience and diversity. The faculty, coupled with continuous support from the industry, provides INCEIF students with strong mentoring relationships and opportunities for professional development. For more information, please visit www.inceif.org.
© Press Release 2014
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