EVENTS - IFSB SUMMIT - Industry Leaders Discuss the Impact of Global Regulatory Reforms on the Islamic Financial Services Industry

www.ifsb.org -  Industry Leaders Discuss the Impact of Global Regulatory Reforms on the Islamic Financial Services Industry  Istanbul, 17 May 2012 - There is a need to find the remedy to the challenges facing the global financial services industry. Islamic finance provides a solution but legal and regulatory challenges facing the industry need to be addressed.

This was the consensus of the distinguished speakers at the first day of the 9^th IFSB Summit themed as “Global Financial Reforms: The Changing Regulatory Model and Islamic Finance” that is hosted by the Central Bank of the Republic of Turkey. (source)

EVENTS - IFSB SUMMIT - Towards Strengthening the Resilience and Stability of Islamic Finance: Speech

www.ifsb.org - Date : 16 May 2012 - Event / Venue: 9th IFSB Summit - Global Financial Reforms: The Changing Regulatory Model and Islamic Finance | Istanbul, Turkey - Speaker : Jaseem Ahmed, Secretary General, IFSB

I am pleased to welcome you to the 9th Summit of the Islamic Financial Services Board. Our theme for this Summit is Global Financial Reforms: The Changing Regulatory Model and Islamic Finance.

We are delighted to be holding this Summit in the beautiful city of Istanbul. I would like to thank everyone in this city who has made us feel so welcome. I would like especially, of course, to thank H.E. Governor Erdem Basçi of the Central Bank of the Republic of Turkey for his strong support to the IFSB and for hosting our Summit in such a vibrant financial, cultural and intellectual centre.

We hope that the full vibrancy of the global Islamic financial services industry will be on view here in Istanbul during the Summit. (source)

EVENTS - IFSB Summit - Islamic Financial Services Industry Helpıng to Enhance the Resilience and Stability of the Global Financial System

www.ifsb.org -Islamic Financial Services Industry Helpıng to Enhance the Resilience and Stability of the Global Financial System

Istanbul, 16 May 2012 – The intrinsic strengths of Islamic financial services industry, if fully explored, could help build a robust, resilient and just financial system that not only supports growth and economic activity but also ascertains a more inclusive financial system. This was among the discussions made by the distinguished speakers at the Opening and Keynote Session of the 9^th IFSB Summit that commenced in the Istanbul, Turkey today. The 2-day IFSB Summit themed as “Global Financial Reforms: The Changing Regulatory Model and Islamic Finance” is being hosted by the Central Bank of the Republic of Turkey and is being attended by more than 200 delegates across the globe comprising of officials and representatives from international institutions, supervisory bodies, market players, academia, rating agencies and other stakeholders of Islamic financial services industry. (source)

BANKING - EVENTS - IFSB Summit Luxembourg - World Bank declares Islamic finance a priority area

" The presence of Sri Muliani Indrawati, managing director of the World Bank Group, underlined the importance the global multilateral development bank views the Islamic finance industry."

The Islamic Financial Services Board (IFSB), the prudential and supervisory standard-setting organization for the global Islamic financial industry, embarked on a new phase of its development which may lead to a review of its mandate to facilitate a wider reach including those countries and organizations that are not currently members of the board. (full story)

MARKETS - New IFSB chief faces daunting task

The appointment last week by the council of governors of the Islamic Financial Services Board (IFSB) of Jaseem Ahmed as its new secretary-general comes at a time when the prudential and supervisory standard setting organization of the global Islamic finance industry is poised to enter its next stage of development since it was first established in 2002.