In the fast-paced changing regulatory environment, policy makers face continuous pressure to develop strong regulations to support a robust regulatory eco-system. At the same time, there is a widening gap in the implementation of regulations between developed and emerging markets, which poses a key challenge to the development of a strong financial system. Should regulators focus on closing this gap, or should they be proactive and forward looking in developing more regulatory infrastructures.
As Islamic finance continues to play a bridging role in effective development of financial and regulatory infrastructures, regulators are looking at enhancing their regulatory frameworks. This session will provide an insight on strengthening regulation, proportionality and flexibility, convergence in regulatory regimes to avoid arbitrage, complimenting microprudential with macroprudential measures, and effective risk-based supervision.
It will bring together regulators and stakeholders to discuss recent regulatory developments in Islamic finance and present insights on the main challenges and solutions in creating a robust regulatory regime.
Speakers
- H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain
- Mr. Abdul Rasheed Ghaffour, Deputy Governor, Bank Negara Malaysia
- Mr. Anwar Jawad Bukhamseen, Board Member, Kuwait International Bank, Kuwait
- Dr. Bello Lawal Danbatta, Secretary-General, IFSB
- Mr. Noel Reynolds, Member of the Secretariat of the BCBS, BIS
Moderator
- Mr. Yousef J. Al-Obaid, Deputy Governor, Central Bank of Kuwait
