An online forum for regulatory and supervisory authorities, Covid-19 and the Islamic Financial Services Industry: Policy Implications and Regulatory Challenges, will be held on 28 July 2020 at 3 pm Malaysia time by the Islamic Financial Services Board (IFSB).
In its role as the global prudential standard-setter for Islamic finance, the IFSB aims to provide a platform for its egulatory and supervisory authority (RSA) members to explore and discuss the effectiveness of various policy interventions introduced to counter the implications of COVID-19 on the Islamic financial sector.
The forum also aims to facilitate sharing of policy implementation experiences across jurisdictions, discuss their potential long-term impact on financial markets and institutions offering Islamic financial services (IIFS) and identify areas that may require further concern and coordination by the IFSB.
The objectives of the forum are to:
- Explore the effectiveness, implementation and challenges of international prudential and other financial policy measures (both conventional and Islamic) in response to COVID-19.
- Deliberate on the potential medium-term and long-term consequences for IIFS, financial markets and consumers.
- Identify any Islamic finance specific-issues that have emerged or are likely to emerge in the future due to the direct impact of the pandemic or as a consequence of policy actions taken to mitigate the impact of the crisis.
- Share of policy implementation experiences across jurisdictions and identify policy areas that require further coordination and provision of guidance for the global Islamic financial services industry with regard to the impact of the pandemic, and
- Identify potential areas for future IFSB standards and research
Details:
Regulatory and supervisory authorities from among IFSB members are encouraged to participate in this forum. Register.