Effective Risk Management Oversight and Governance of Islamic Banks

Sasana Kijang, Kuala Lumpur, Malaysia

29 - 30 October 2018

PROGRAMME OUTCOMES LEARNING OBJECTIVES

At the end of the two-day forum, participants will
be able to achieve a greater understanding of
risk oversight and governance issues for
effective risk management of Islamic banks
through shared industry experiences and best
practices, and the application of relevant IFSB
Standards.
Identify the emerging issues and best practices in risk
1
management oversight and governance of Islamic banks
Discuss and share experiences related to governance and
oversight of the management of core risk areas, particularly the
specific risk aspects of Islamic banks relating to credit,
2 operational, liquidity and market risks as well as Sharīʿah and
legal risks in documentation and structuring of Islamic finance
products

PROGRAMME OUTLINES Identify relevant features, criteria, policies and regulation

Governance and oversight of risk management
in Islamic banks and the role of BOD and senior
management
Concepts of financial contracts, risk
management and corporate governance in
Islamic finance
Governance issues in the effective management
of evolving operational risks as well as legal &
1
Sharīʿah compliance risks and appropriate
internal control systems
Board oversight of the management of financial
risks - credit, market, equity investment and
liquidity risk in Islamic banks
The role of reporting of financial risks in risk
oversight - reporting standards & transparency
pertaining to risk issues in Islamic banks, current challenges in
3 risk oversight and governance of Islamic banks, in the context
of best practices and principles/ Standards for effective risk
management and governance of Islamic banks
PROGRAMME APPROACHES
Interactive discussions on a wide array of issues related to risk
management oversight and governance of Institutions offering
Islamic financial services (IIFS)
2 Discussions and debate on real industry case studies
3 Direct engagements with various knowledge and expert
panellists

Chief Executive Officers / Board Members / Senior Representatives from Islamic financial
WHO SHOULD ATTEND institutions, Industry associations and federations, development banks, and international/multilateral
organisations

ABOUT THE IFSB

The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the
soundness and stability global prudential standards and guiding principles 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.

For queries and more information: IFSB EXECUTIVE FORUM FEE

Mrs. Ida Shafinaz Ab. Malek
Tel: +603 9195 1427 Fax: +603 9195 1405 IFSB Member USD 1,550
Email: ida.shafinaz@ifsb.org Non IFSB Member USD 1,750
Effective Risk Management Oversight and Governance of Islamic Banks
DAY 1: 29 OCTOBER 2018
Session 1: Moderated session:
Risk Governance of Islamic
Banks and Regulatory
Compliance
Session 2: Case Studies on
Oversight of Operational,
Sharīʿah Compliance and Legal
Risks: Issues and Challenges
Session 3: Moderated session:
Risk Governance and Oversight:
Role of the Board and Risk
Committee
DAY 2: 30 OCTOBER 2018
Session 4: Case Studies on
Oversight of Financial Risk
Management: Credit, Market,
Liquidity and Equity Risks of
Islamic Banks
Session 5: Panel Discussion:
Role of Transparency and
Disclosure in Effective Risk
Governance
Session 6: Panel Discussion:
The Next Phase in Risk
Management and Governance
for Islamic Banks
Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary
changes to the programme without prior notification.
Sasana Kijang, Kuala Lumpur, Malaysia
29 - 30 October 2018
PROGRAMME
 What are the prevalent practices and critical challenges in oversight of risk
management, by the BOD and senior management?
 What are the new perspectives, industry trends and opportunities for effective
governance of risk management for Islamic banks?
 What are the key considerations in complying with global regulatory
requirements?
 What is the impact of the evolving operational risk profile of financial
institutions?
 What are the unique oversight challenges for Sharīʿah non-compliance risk
management?
 What is the impact of legal frameworks on product development for Islamic
banks?
 What are the implications of non-robust Sharīʿah and legal frameworks?
 How can the BOD and senior management overcome compliance challenges
in the above respects and strengthen their internal control systems?
 How can the elements of governance, risk and compliance be integrated
towards more effective BOD oversight?
 What are the considerations in setting the BOD’s expectations for risk
management and internal controls?
 How do you effectively assess the performance of chief risk officers and
internal audit functions?
 How do you minimise the overlaps in responsibilities of the Governance, Risk
Management and Audit Committees?
 Introductory presentation: Global Perspectives and IFSB Standards
 Case studies and experience sharing:
 How do the specific risk features for Islamic banks impact
governance?
 What are the unique considerations and challenges faced in
governance structures for oversight of financial risk management of
Islamic banks?
 What are the challenges faced in complying with regulatory
requirements for financial risks?
 What is the link between effective risk governance and a robust transparency and
disclosure environment?
 What are the new regulatory requirements and how do they impact Islamic
banks? (Basel III/IFSB disclosure Standards/Others)
 What are the challenges faced by institutions in complying with new disclosure
regimes and reporting requirements?
 How can the BOD and senior management contribute to improvements in
transparency and disclosure of Islamic banks?
 What has changed? What will be challenges in the future in view of emerging
trends?
 What areas should the BOD focus on?
 What are the barriers to effective risk oversight of Islamic banks from the
perspective of the BOD and senior management?
 What is the forward vision and emerging best practices in addressing the key risk-
governance issues?