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  Event Detail

Category:IFSB-FIS Workshop
Name:[EVE00284] IFSB-FIS Workshop Series (Philippines)
Description:

This 3-day Workshop is tailored for the Bangko Sentral ng Pilipinas, industry players and other key stakeholders of the Islamic finance sector in Philippines. It will discuss the overview of Islamic finance and cover the following IFSB Standards:

  • Introduction to Islamic Finance
  • IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
  • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS
  • IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS

As a background, IFSB-1: Guiding Principles of Risk Management provides a set of guidelines of best practices for establishing and implementing effective risk management in IIFS. In particular, the Standard sets out 15 principles for managing the risks inherent in Sharī`ah-compliant financial businesses.

IFSB-10: Guiding Principles on Sharī`ah Governance Systems, for its part, includes the components of a sound Sharī`ah governance system especially with regards to the competence, independence, confidentiality and consistency of the Sharī`ah boards.

In addition, IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process offers guidance on key elements in the supervisory review process for authorities supervising IIFS taking into consideration the specificities of the IIFS, while complementing the existing international standards on the supervisory review process, in particular those of the Basel Committee on Banking Supervision (BCBS).

Overall, this Workshop aims to:

  1. Enhance the participants’ understanding of the respective Standards and Guiding Principles of the IFSB, thereby facilitating the implementation of these standards in their respective jurisdictions;
  2. Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
  3. Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Start Date:10/10/2016End Date:12/10/2016
Venue Name:
City:Manila
Country:PHILIPPINES
Event Website: -
Registration:

  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
10/10/2016
09:00 - 09:30 Registration
09:30 - 10:00 Welcoming Remarks and Group Photo
10:00 - 11:30 Session 1 - Introduction to the IFSB and Introduction to Islamic Finance
  • Concept of Islamic Finance
  • Contracts in Islamic Finance
  • Structures of Islamic Banking Products
  • Prudential Issues in IIFS
  • 11:30 - 11:45 Coffee Break
    11:45 - 13:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS)
  • Understanding of Risks in IIFS
  • Focus on Credit Risk
  • Focus on Equity Investment Risk
  • Focus on Operational Risk
  • 13:00 - 14:00 Lunch
    14:00 - 15:30 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS - Continued
  • Focus on Market Risk
  • Focus on Liquidity Risk
  • Focus on Rate of Return Risk
  • Case Study
  • 15:30 - 15:45 Coffee Break
    15:45 - 17:00 Session 4 - IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process
  • Introduction to IFSB-16
  • Necessary Preconditions for Effective Supervision
  • Additional Considerations in the Issuance of an IIFS License
  • Supervisory Approaches in the Supervision of IIFS
  • Day 2
    11/10/2016
    09:30 - 11:00 Session 5 - IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process - Continued
  • Components of Capital
  • Capital Conservation Buffer and Countercyclical Buffer
  • Regulatory Capital Requirements
  • Guidance on the Slotting Method
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 6 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process - Continued
  • Treatment of IAH and Displaced Commercial Risk
  • Advanced Approaches and Supervisory Discretion
  • Internal Capital Adequacy Assessment Process (ICAAP)
  • Case Study
  • 13:00 - 14:00 Lunch
    14:00 - 15:30 Session 7 - IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process - Continued
  • Corporate Governance
  • Risk Management Processes
  • Enterprise-wide Risk Management Framework
  • Related Party Transactions
  • 15:30 - 15:45 Coffee Break
    15:45 - 17:00 Session 8 - IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process - Continued
  • Features of Sukūk and Securitisation
  • Regulatory Capital for Sukūk in IIFS
  • Special Purpose Entities (SPEs) and Key Considerations in the Supervisory Review Process
  • Case Study
  • Day 3
    12/10/2016
    09:30 - 11:00 Session 9 - IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process - Continued
  • Consolidated and Home-host Supervision
  • Islamic “Windows” Operations
  • Liquidity Risk Management and Supervision
  • Supervisory Transparency and Accountability
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 10 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS
  • Objectives of IFSB-10
  • Structure of the Sharī`ah Governance System
  • Scope of Sharī`ah Governance System
  • 13:00 - 14:00 Lunch
    14:00 - 15:00 Session 11 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS - Continued
  • General Approach to the Sharī`ah Governance System
  • Guiding Principles on the Sharī`ah Governance System - Competence
  • Guiding Principles on the Sharī`ah Governance System – Independence
  • 15:00 - 15:15 Coffee Break
    15:15 - 16:30 Session 12 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS - Continued
  • Guiding Principles on the Sharī`ah Governance System - Confidentiality
  • Guiding Principles on the Sharī`ah Governance System - Consistency
  • Case Study
  • 16:30 - 17:00 Closing & Certificate Giving Ceremony
    Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

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    1.) Event Session(s) - PDF Format

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