BANKING - Is Turkey’s Central Bank Moving? Document Suggests It Could Be

blogs.wsj.com - ISTANBUL — It’s something of an open secret in Turkey that the government has been seriously considering moving the central bank from Ankara to Istanbul, but the small print of a government document this week suggests the move could come sooner than previously thought.
The transfer of operations would be part of a broader project to boost the profile of Istanbul, already the country’s commercial capital, as an international financial center. (source)

FINANCE - Local lender mediates for Indian debt to Iran

The debt crisis between Iran and India, which was caused by the US sanctions on the Islamic republic, has been resolved by the support of Turkey’s state-run Halkbank, the lender’s executives confirm. Separate reports by the Iranian media say that Turkey, Iran and Iraq have reached a consensus to found a joint bank based in Tehran.  (source)

EVENTS- IFSB - Seminar on Managing Liquidity in the Islamic Financial Services Industry (April 6, 2011)

The Central Bank of Turkey is hosting this Seminar.

Mark your agenda !

Event Detail
Category	:	Awareness Programme
Name	:	[EVE00153] Seminar on Managing Liquidity in the Islamic Financial Services Industry
Description	:	The Central Bank of the Republic of Turkey is hosting this Seminar. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.
Start Date	:	06/04/2011	End Date	:	07/04/2011
Venue Name	:	Grand Ballroom, Conrad Istanbul Hotel
City	:	Istanbul
Country	:	TURKEY

Programme - Event Session(s)
Date	Time	Topics
Day 1 06/04/2011	09:00 - 09:30	Registration
	09:30 - 10:00	Opening and Keynote Session
	10:00 - 11:00	Session 1 - Liquidity Management in the Islamic Financial Services Industry: Risks, Legal and Regulatory Issues The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed.
	11:00 - 11:30	Coffee and Networking Break
	11:30 - 12:30	Session 2 : Infrastructures for Managing Liquidity and Liquidity Risks The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process.
	12:30 - 14:00	Lunch
	14:00 - 15:00	Session 3 : Regulatory Approaches to Liquidity Management in the Islamic Financial Services Industry in Selected Countries The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments.
	15:00 - 16:00	Session 4 : Panel Discussion : Future Development of a Liquidity Management Framework for the Islamic Financial Services Industry The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play.
	16:00 - 16:30	Coffee and Networking Break
	19:30 - 22:00	Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Venue : Tavaci Recep Usta Restaurant, Etiler
Day 2 07/04/2011	09:30 - 10:00	Coffee and Networking Break
	10:00 - 10:30	Keynote Address
	10:30 - 12:00	Session 5 : Panel Discussion : Key Components for Structuring International Liquidity Instruments: Shari`ah, Legal and Rating
	12:00 - 14:00	Lunch

FINANCE - Liquidity management - Islamic finance boost via IILM: Zeti

The establishment of the International Islamic Liquidity Management Corp (IILM) will further enhance the capacity of Islamic finance in facilitating efficient cross-border flows, Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, said today.

FINANCE - Bankers take hit from Turkish Central Bank

Turkey’s Central Bank increased Thursday the level of reserves banks must deposit at the central financial institution as it announced it would cease paying interest on Turkish Lira reserves.

“The decision means the bank has completely reversed the 2 percentage-point cut it made in the foreign currency reserve requirement in December 2008,” Bloomberg reported about the move, which is likely to soak up the liquidity provided to markets during the global financial crisis.