The Certified Islamic Specialist in Risk Management
|
|
- Loraine Manning
- 6 years ago
- Views:
Transcription
1 1
2 The Certified Islamic Specialist in Risk Management Introduction: Due to the sheer nature of their varied and complex activities, banks are often exposed to an array of risks such as credit risks, market risks, operational risks and liquidity risk.etc. Therefore, the issue of risk management has become the center of considerable attention from both regulatory and supervisory authorities. There has emerged a pressing need to follow proper procedures for the implementation of all elements of risk management, including risk identification, measurement, mitigation, monitoring, reporting to supervisory authorities, and eventually controlling. These procedures necessitate the adoption of appropriate policies and the establishment of limits, procedures, information systems, effective management of decision-making and preparation of internal reports about the risks commensurate with the scope and sphere of its activity. At the level of issues relating to risk management, Islamic financial institutions need to develop more rigorous systems in order to identify, measure, monitor and control risk categories relevant to their products and services. This is because the nature of the work of Islamic financial institutions and the characteristics of their products require a deep analysis so as to identify the types of traditional risks they face jointly with traditional products. Added to that is the need to identify the exceptional risks that are unique to Islamic financial services industry. Islamic financial institutions also show interest in identifying effective means to address those risks, reduce their scope, and deal with them in compliance with the rules and principles of Islamic law. Risk assessment necessitates bringing up the issue of the equation of capital adequacy and the examination of the Basel agreements and the stages of their development, their contexts and contents. It also requires the evaluation of impacts of those agreements on Islamic financial institutions, and the appraisal of reasons that call for the institution of capital adequacy standard suitable for their specificity and legal nature. It is also imperative to state the standards devised by the supporting institutions and explain and analyze these standards whether those issued by AAOIFI Accounting and Auditing Organization for Islamic Financial Institutions in Bahrain or those developed by the IFSB Islamic financial services Board in Malaysia. 2
3 CIS in Risk Management 7 Objectives: Target Audience: Definition of the types of common risks faced by both traditional and Islamic financial institutions and survey of risks special to Islamic Financial Institutions Understanding the environment and the right tools to manage risks in Islamic financial institutions and identification of relevant techniques including methods and procedures for determining their quantity, type, ways to measure them, reports evaluation and management Study the most important Islamic legal requirements for risk management, the sound and legitimate controls and foundations to address those risks and minimize their impact Introduction of international and Islamic standards in risk management Managers and officials of the risk departments Financial Supervisors and officials of the Internal Audit Officials of the finance and investment departments Officials of the Sharia Supervisory departments Officials of the treasury departments Managers of the compliance departments 3
4 The Certified Islamic Specialist in Risk Management Program of the Certificate 1. Introduction to risks in financial institutions Concept and nature of risks faced by financial institutions Concept of ambiguity and its relationship to risk-taking Importance of risk management, its mechanisms and the impact of the failure to address them Relationship between risk and crises of financial institutions Nature of the risks faced by Islamic financial institutions Identification of the difference between risk measurement and risk management International bodies related to risk management worldwide Role of the the Islamic financial services Board IFSB in the field of risk management in Islamic financial institutions. 2. Types of risks in financial institutions Analysis of the various elements of budgets of Islamic Banks and determining the degree of risk Statement of the quality of risk that can be discarded, the risks that can be converted, and the risks inherent in the nature of the work of the financial institution and have to be addressed Forms of Islamic finance and the various relevant types of risks related to them Relationship between funding formulas and credit, market and operating risks Relationship between risk formulas and regulatory capital of Islamic banks Sources of funds in financial institutions and capital adequacy standard 4
5 3. Risk management in accordance with international and Islamic standards CIS in Risk Management 7 Risk management from the perspective of the Basel Committee Risk management from the perspective of the IFSB Islamic Financial Services Board. A comparative study of the most important elements of agreement between both standards Elements of risk management in Islamic financial institutions Risk of Islamic legal compliance in Islamic financial institutions 5. Market risk management in Islamic financial institutions Definition and types of market risks Factors affecting market risks and their relationship to market values fluctuations Risks of commodity prices, currencies, stocks and securities Models for risk analysis (risk pooling, The Monte Carlo model etc.) Parallel Contracts in Islamic modes of finance Duration Analysis models (gap) and the value at risk Legitimate means to reduce market risk Appropriate policies and procedures for the market risk management 4.Credit risk management in Islamic financial institutions Definition and types of credit risk credit risk in the various stages of the implementation modes of Islamic financing and investment Sources of credit risk in the non-fulfillment of obligations and the outcomes of the external environment factors Components of credit risk and methods of its measurement and reporting Appropriate policies and procedures to manage credit risk Legal mechanisms and processes to reduce credit risk 5
6 The Certified Islamic Specialist in Risk Management 6. Operational risk management in Islamic financial institutions Definition of the risk of the rate on return and its nature Ways to manage the risk of the rate on return and legitimate ways to deal with the rate of profit reserves and reserves of investment risk Determining the risk of loss resulting from the inadequacy or failure of internal procedures and systems in financial institutions Identifying the risks of non-compliance with Islamic Sharia,their requirements and their impact on Islamic financial institutions Importance of the development and implementation of prudential regulatory environment for operational risk management Credit risks and the protection of the interests of all providers of funds 7. Liquidity risk management in Islamic financial institutions Definition of liquidity risk Essential elements of effective management of liquidity Funding structure, the concentration of resources available to Islamic financial institutions and their relation to liquidity risk Nature of the providers of funds in Islamic financial institutions and the harmonization of assets and liabilities Quantitative and qualitative factors in liquidity management policies Cash flows and liquidity management Ways to reduce liquidity risk, and the contingency plan to cope with crises 6
7 Registration Form Professional Advanced Diploma in Islamic Finance Image Trainee Registration Date: Full Name (English ):... Full Name (in Arabic ):... Nationality :... Date of Birth :... Occupation :...Years of experience :... ID Number: Mobile :...State :... Postal Address: Employer : Education:
The Certified Islamic Specialist in Accounting
1 The Certified Islamic Specialist in Accounting Introduction: Financial accounting plays a vital role in the measurement and establishment of financial events and facts taking place in banks to determine
More informationThe Certified Islamic Specialist in Takaful
1 The Certified Islamic Specialist in Takaful Introduction: The necessity for the Islamic world to meet its financial needs has been increasing incessantly as a result of the irregularities and illegalities
More informationINTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS MODULE
INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS Table of Contents IC-A IC-1 Date Last Changed Introduction IC-A.1 Purpose 07/2018 IC-A.2 Module History 07/2018 General Requirements IC-1.1 Overview 07/2018
More informationCITI ISLAMIC INVESTMENT BANK EC RISK AND CAPITAL MANAGEMENT DISCLOSURES. FOR THE SIX MONTH PERIOD ENDED 30 June 2013
CITI ISLAMIC INVESTMENT BANK EC RISK AND CAPITAL MANAGEMENT DISCLOSURES FOR THE SIX MONTH PERIOD ENDED 30 June 2013 These disclosures have been prepared in accordance with the Public Disclosure Module
More informationGuidance Note: Internal Capital Adequacy Assessment Process (ICAAP) Credit Unions with Total Assets Greater than $1 Billion.
Guidance Note: Internal Capital Adequacy Assessment Process (ICAAP) Credit Unions with Total Assets Greater than $1 Billion January 2018 Ce document est aussi disponible en français. Applicability This
More informationPILLAR 3 Disclosures
PILLAR 3 Disclosures Published April 2016 Contacts: Rajeev Adrian Sedjwick Joseph Chief Financial Officer Chief Risk Officer 0207 776 4006 0207 776 4014 Rajeev.adrian@bank-abc.com sedjwick.joseph@bankabc.com
More informationRISK AND CAPITAL MANAGEMENT DISCLOSURES (BASEL II - PILLAR III) RISK AND CAPITAL MANAGEMENT DISCLOSURES (BASEL II - PILLAR III) Contents
RISK AND CAPITAL MANAGEMENT DISCLOSURES Contents 1 Introduction 78 2 Executive summary 78 3 Group Structure 78 4 Risk management framework 79 4.1 Risks In Pillar I 79 4.1.1 Credit Risk 80 4.1.2 Market
More informationGlobal Banking Supervision
e-learning and reference solutions for the global finance professional Global Banking Supervision A comprehensive e-learning product with up-to-date coverage of all guidelines issued by the Basel Committee
More informationROADMAP FOR THE IMPLEMENTATION OF BASEL II IN PAKISTAN
ROADMAP FOR THE IMPLEMENTATION OF BASEL II IN PAKISTAN (1) Introduction Basel Committee on Banking Supervision (BCBS) finalized the New Capital Adequacy framework commonly known as Basel II in June 2004.
More informationTitle Guidelines on the Recognition and Measurement of Profit Sharing Investment Account as Risk Absorbent
Title Guidelines on the Recognition and Investment Account as Risk Effective Date The framework was first issued and came into effect on 1 January 2008. The revised framework becomes effective on financial
More informationCredit risk, arising from losses due to obligor, counterparty or issuer failing to perform its contractual obligations to the Group;
Risk management is an integral part of the Group s business. An effective risk management system is critical for the Group to achieve continued profitability and sustainable growth in shareholder s value,
More informationAdvisory Guidelines of the Financial Supervision Authority. Requirements to the internal capital adequacy assessment process
Advisory Guidelines of the Financial Supervision Authority Requirements to the internal capital adequacy assessment process These Advisory Guidelines were established by Resolution No 66 of the Management
More informationRESERVE BANK OF MALAWI
RESERVE BANK OF MALAWI GUIDELINES ON INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS (ICAAP) Bank Supervision Department March 2013 Table of Contents 1.0 INTRODUCTION... 2 2.0 MANDATE... 2 3.0 RATIONALE...
More informationPart 1. From Corporate Governance to Banking Governance... 1
Preface... xi Introduction....................................... xiii Part 1. From Corporate Governance to Banking Governance... 1 Chapter 1. Corporate Governance: A Brief Literature Review... 3 1.1.
More informationPOSITION PAPER. July 2008
Italian banking system Position Paper in response to CEBS consultation paper CP19 on Liquidity Risk management and in response to Basel Committee consultation document Principles for Sound Liquidity Risk
More informationRisk Management in Islamic Financial Institutions
1 Risk Management in Islamic Financial Institutions Rifki Ismal Sesric Training Program Turkey, 3-5th June 2013 2 DAY THREE Sharia Approaches on Liquidity Risk Management Challenges Related to Liquidity
More informationRISK MANAGEMENT MODULE
RISK MANAGEMENT MODULE MODULE: RM (Risk Management) Table of Contents RM-A RM-B RM-1 RM-2 RM-3 RM-4 RM-5 RM-6 RM-7 Date Last Changed Introduction RM-A.1 Purpose 01/2013 RM-A.2 Module History 04/2013 Scope
More informationDraft for Consultation FICOM ICAAP Guide
Draft for Consultation FICOM ICAAP Guide BC Credit Unions November 2017 www.fic.gov.bc.ca Table of Contents INTRODUCTION... 1 FEATURES OF AN EFFECTIVE ICAAP... 2 I. Board and Management Oversight... 2
More informationGUIDELINES FOR THE INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS FOR LICENSEES
SUPERVISORY AND REGULATORY GUIDELINES: 2016 Issued: 2 August 2016 GUIDELINES FOR THE INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS FOR LICENSEES 1. INTRODUCTION 1.1 The Central Bank of The Bahamas ( the
More informationStress Testing: Financial Sector Assessment Program (FSAP) Experience
Stress Testing: Financial Sector Assessment Program (FSAP) Experience Tomás Baliño Deputy Director Monetary and Financial Systems Department Paper presented at the Expert Forum on Advanced Techniques on
More informationMARKET DISCLOSURE FOR DEC 09 UNDER PILLAR-III OF BASEL II Risk Management Department The City Bank Limited
MARKET DISCLOSURE FOR DEC 09 UNDER PILLAR-III OF BASEL II Risk Management Department The City Bank Limited 1. Consequent upon globalization, Banks and other financial institutions all over the world are
More informationINTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS GUIDELINE. Nepal Rastra Bank Bank Supervision Department. August 2012 (updated July 2013)
INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS GUIDELINE Nepal Rastra Bank Bank Supervision Department August 2012 (updated July 2013) Table of Contents Page No. 1. Introduction 1 2. Internal Capital Adequacy
More informationCAPTIVE BEST PRACTICE GUIDELINES
CAPTIVE BEST PRACTICE GUIDELINES Version 01:01/11 1 Table of Contents 1. Introduction... 3 2. General Governance Requirements... 4 3. Risk Management System... 5 4. Actuarial Function... 7 5. Outsourcing...
More informationPART B: PROFIT EQUALISATION RESERVE FRAMEWORK...4
Takaful Department PART A: INTRODUCTION...1 OVERVIEW...1 Purpose...1 Applicability...3 Effective Date/Implementation Date...3 PART B: PROFIT EQUALISATION RESERVE FRAMEWORK...4 POLICY REQUIREMENTS...4 Operating
More informationBasel 2. Table of contents. 73 Capital Structure 77 Risk Management.
Table of contents 73 Capital Structure 77 Risk Management VENTURE CAPITAL BANK Annual Report 2008 73 1. Capital Structure Capital Base 1.1 The authorized share capital of VCBank is 500 million shares of
More informationPrudential Standard GOI 3 Risk Management and Internal Controls for Insurers
Prudential Standard GOI 3 Risk Management and Internal Controls for Insurers Objectives and Key Requirements of this Prudential Standard Effective risk management is fundamental to the prudent management
More informationSTRESS TESTING GUIDELINE
c DRAFT STRESS TESTING GUIDELINE November 2011 TABLE OF CONTENTS Preamble... 2 Introduction... 3 Coming into effect and updating... 6 1. Stress testing... 7 A. Concept... 7 B. Approaches underlying stress
More informationRisk Management in Islamic Banking (lecture 3)
Risk Management in Islamic Banking (lecture 3) Course Material in Master Degree Program in Finance Islamiques Universite Robert Schuman, Strasbourg (France) July, 4th, 2009 Rifki Ismal Durham University
More informationRisk Management in Islamic Financial Institutions
1 Risk Management in Islamic Financial Institutions Rifki Ismal Fakultas Ekonomi UI dan IQTISHAD consulting Training on Risk Management Depok, 23 November 2013 SHORT BIO Rifki Ismal is both central banker
More informationREPORT MARKET DISCIPLINE REPORT FINANCIAL YEAR Made in accordance with the Cyprus. Securities and Exchange Commission. Directive DI
REPORT Write DISCLOSURE you date here & MARKET DISCIPLINE ADDRESS JFD Brokers Ltd. Kakos Premier Tower Kyrillou Loukareos 70 4156 Limassol, Cyprus TELEPHONE & FAX +357 25878530 +357 25763540 WEB support@jfdbrokers.com
More informationSubject ST2 Life Insurance Specialist Technical Syllabus
Subject ST2 Life Insurance Specialist Technical Syllabus for the 2018 exams 1 June 2017 Aim The aim of the Life Insurance Specialist Technical subject is to instil in successful candidates the main principles
More informationUBS AG, Mumbai Branch (Scheduled Commercial Bank) (Incorporated in Switzerland with limited liability)
Basel II Pillar 3 Disclosures for the period ended 31 March 2010 Contents 1. Background 2. Scope of Application 3. Capital Structure 4. Capital Adequacy- Capital requirement for credit, market and operational
More informationImplementation of Basel II in Guernsey. This paper summarizes the key points in the first year (Year 1) of the implementation of Basel II in Guernsey.
Implementation of Basel II in Guernsey Introduction This paper summarizes the key points in the first year (Year 1) of the implementation of Basel II in Guernsey. Section I considers the impact of regulatory
More informationT. Rowe Price International Ltd. Pillar 3 & Remuneration Code Disclosure. 31 December 2016
T. Rowe Price International Ltd Pillar 3 & Remuneration Code Disclosure 31 December 2016 Background: The Capital Requirements Directive ( CRD ) sets out the regulatory capital framework for Europe based
More informationDisclosure Prudential Disclosure Report. 12/31/2016 Derayah Financial
Derayah - Pillar III Disclosure -2016 Prudential Disclosure Report 12/31/2016 Derayah Financial Table of Contents 1. OVERVIEW... 2 2. CAPITAL STRUCTURE... 2 2.1. Disclosure on Capital Base... 3 3. CAPITAL
More informationRegulatory Policy. Major Acquisitions or Investments by Banks
Regulatory Policy Major Acquisitions or Investments by Banks 1. Statement of Objectives 1.1. To set out the manner in which the Authority will exercise its powers of approval pursuant to section 14(2)
More informationFRAMEWORK FOR SUPERVISORY INFORMATION
FRAMEWORK FOR SUPERVISORY INFORMATION ABOUT THE DERIVATIVES ACTIVITIES OF BANKS AND SECURITIES FIRMS (Joint report issued in conjunction with the Technical Committee of IOSCO) (May 1995) I. Introduction
More informationPRINCIPLES FOR THE MANAGEMENT OF INTEREST RATE RISK IN THE BANKING BOOK (IRRBB)
ANNEX 2F PRINCIPLES FOR THE MANAGEMENT OF INTEREST RATE RISK IN THE BANKING BOOK (IRRBB) There are numerous ways through which credit institutions currently identify and measure IRRBB and their methods
More informationPillar 2 - Supervisory Review Process
B ASEL II F RAMEWORK The Supervisory Review Process (Pillar 2) Rules and Guidelines Revised: February 2018 CAYMAN ISLANDS MONETARY AUTHORITY Cayman Islands Monetary Authority Page 1 Table of Contents Introduction...
More informationAsset Liability Management for Insurance Companies
e-learning and reference solutions for the global finance professional Asset Liability Management for Insurance Companies A comprehensive e-learning product covering Global Best Practices, Strategic, Operational
More informationNorthern Trust Corporation
Northern Trust Corporation Market Risk Disclosures June 30, 2015 Market Risk Disclosures Effective January 1, 2013, Northern Trust Corporation (Northern Trust) adopted revised risk based capital guidelines
More informationCOMMUNIQUE. Page 1 of 13
COMMUNIQUE 16-COM-001 Feb. 1, 2016 Release of Liquidity Risk Management Guiding Principles The Credit Union Prudential Supervisors Association (CUPSA) has released guiding principles for Liquidity Risk
More informationDecision on amendments to the Decision on risk management. Article 1
Pursuant to Article 161, paragraph (1), item (3) of the Credit Institutions Act (Official Gazette 117/2008, 74/2009, 153/2009, 108/2012 and 54/2013) and Article 43, paragraph (2), item (9) of the Act on
More informationAl Baraka Islamic Bank B.S.C. (c) Basel III, Pillar III Disclosures. 31 December 2016
Al Baraka Islamic Bank B.S.C. (c) 31 December 2016 Al Baraka Islamic Bank B.S.C. (c) Content Page 1 INTRODUCTION 3 2 CAPITAL ADEQUACY 3 3 RISK MANAGEMENT a) Credit risk 8 b) Market risk 17 c) Equity of
More informationINSTITUTE OF BANKERS OF SRI LANKA
97 INSTITUTE OF BANKERS OF SRI LANKA Diploma in Banking & Finance Examination March 2008 Risk Financing and Management (98) INSTRUCTIONS TO CANDIDATES 1. Do NOT open this question paper until instructed
More informationPost-Financial Crisis Regulatory Reform Proposals -From Global One-Size-Fits-All to Locally-Specific Regulations-
Post-Financial Crisis Regulatory Reform Proposals -From Global One-Size-Fits-All to Locally-Specific Regulations- Research Group on the Financial System Strengthening international financial regulations
More informationSupervisory Review and Evaluation Process (SREP) Credit institutions
Supervisory Review and Evaluation Process (SREP) Credit institutions Scope of application of SREP scope of application of SREP including: guidance specifying what entities are covered by/excluded from
More informationMarket Risk Disclosures For the Quarter Ended March 31, 2013
Market Risk Disclosures For the Quarter Ended March 31, 2013 Contents Overview... 3 Trading Risk Management... 4 VaR... 4 Backtesting... 6 Total Trading Revenue... 6 Stressed VaR... 7 Incremental Risk
More informationSTATUTORY DISCLOSURES UNDER BASEL II FRAMEWORK
STATUTORY DISCLOSURES UNDER BASEL II FRAMEWORK sohar islamic in giving back to our community Bank Sohar received the Golden Excellence Award for Corporate Social Responsibility for the second consecutive
More informationRegulations on risk management in banks. 1. General provisions
Approved The Central Bank of the Republic of Azerbaijan Resolution # 24/3 9 December 2013 Regulations on risk management in banks 1. General provisions 1.1. These Regulations have been developed in accordance
More informationActuaries and the Regulatory Environment. Role of the Actuary in the Solvency II framework
Actuaries and the Regulatory Environment Role of the Actuary in the Solvency II framework IAA Fund Southeast Europe Actuarial Seminar, Zagreb, 3 October 2011 1 Solvency II primary objectives fundamental
More informationBen S Bernanke: Modern risk management and banking supervision
Ben S Bernanke: Modern risk management and banking supervision Remarks by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the Stonier Graduate School of Banking,
More informationMarket Risk Disclosures For the Quarterly Period Ended September 30, 2014
Market Risk Disclosures For the Quarterly Period Ended September 30, 2014 Contents Overview... 3 Trading Risk Management... 4 VaR... 4 Backtesting... 6 Stressed VaR... 7 Incremental Risk Charge... 7 Comprehensive
More informationANNUAL DISCLOSURES FOR 2010 ON AN UNCONSOLIDATED BASIS
ANNUAL DISCLOSURES FOR 2010 ON AN UNCONSOLIDATED BASIS ACCORDING TO THE REQUIREMENTS OF ORDINANCE 8 OF THE BULGARIAN NATIONAL BANK FOR THE CAPITAL ADEQUACY OF CREDIT INSTITUTIONS /ART. 335 OF ORDINANCE
More informationBERMUDA INSURANCE (GROUP SUPERVISION) RULES 2011 BR 76 / 2011
QUO FA T A F U E R N T BERMUDA INSURANCE (GROUP SUPERVISION) RULES 2011 BR 76 / 2011 TABLE OF CONTENTS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Citation and commencement PART 1 GROUP RESPONSIBILITIES
More informationINSURANCE AGENCY OF REPUBLIC OF SRPSKA STRATEGIC FRAMEWORK FOR PREPARATION FOR TRANSITION TO REGULATORY FRAMEWORK BASED ON SOLVENCY II
INSURANCE AGENCY OF REPUBLIC OF SRPSKA STRATEGIC FRAMEWORK FOR PREPARATION FOR TRANSITION TO REGULATORY FRAMEWORK BASED ON SOLVENCY II Banja Luka, November 2018 Contents 1. INTRODUCTION... 3 2. REASONS
More informationMSB Roundtable 2010 Managing Risk for Growth & Development. Mona Visitors Lodge & Conference Centre University of the West Indies, Mona.
MSB Roundtable 2010 Managing Risk for Growth & Development Mona Visitors Lodge & Conference Centre University of the West Indies, Mona Address Brian Wynter Governor, Bank of Jamaica Thursday, 04 March
More informationActuary in Banking. 1st Seminar on Finance & Investment 18th May 2018
1st Seminar on Finance & Investment 18th May 2018 Actuary in Banking Mr. Raminder P S Bagri DGM, Canara Bank International Operations & CCR Wing Bangalore Actuary in Banking Unchartered Territory for Actuaries
More informationCBRE Clarion Securities UK Limited PILLAR 3 RISK DISCLOSURES April 2017
CBRE Clarion Securities UK Limited PILLAR 3 RISK DISCLOSURES April 2017 1. Introduction The Capital Requirements Directive (CRD) sets out regulatory capital adequacy standards and an associated supervisory
More informationEnhancing Risk Management under Basel II
At the Risk USA 2005 Congress, Boston, Massachusetts June 8, 2005 Enhancing Risk Management under Basel II Thank you very much for the invitation to speak today. I am particularly honored to be among so
More informationITHMAAR BANK B.S.C. (C)
ITHMAAR BANK B.S.C. (C) Public Disclosures as at 30 June 2017 INDEX S. No. Description Page No 1 Background 3 2 Basel III Framework 3 3 Capital management 3-4 4 Approaches adopted for determining regulatory
More informationBasel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc.
Basel II, Pillar 3 Disclosure for Sun Life Financial Trust Inc. Introduction Basel II is an international framework on capital that applies to deposit taking institutions in many countries, including Canada.
More informationRisk Management in Islamic Banking (lecture 1)
Risk Management in Islamic Banking (lecture 1) Course Material in Master Degree Program in Finance Islamiques Universite Robert Schuman, Strasbourg (France) July, 4 th, 2009 Rifki Ismal Durham University
More informationBERMUDA MONETARY AUTHORITY THE INSURANCE CODE OF CONDUCT FEBRUARY 2010
Table of Contents 0. Introduction..2 1. Preliminary...3 2. Proportionality principle...3 3. Corporate governance...4 4. Risk management..9 5. Governance mechanism..17 6. Outsourcing...21 7. Market discipline
More informationINTEGRATED RISK MANAGEMENT GUIDELINE
INTEGRATED RISK MANAGEMENT GUIDELINE Initial publication: April 2009 Updated: May 2015 TABLE OF CONTENTS Preamble... ii Scope... iii Coming into effect and updating... iv Introduction... v 1. Integrated
More informationUBS AG, Mumbai Branch (Scheduled Commercial Bank) (Incorporated in Switzerland with limited liability)
Contents 1. Background 2. Scope of Application 3. Capital Structure 4. Capital Adequacy- Capital requirement for credit, market and operational risks 5. Risk Management and Control Framework Overview 6.
More informationBank licensing in the Republic of South Africa
Bank licensing in the Republic of South Africa 1 Contents Purpose 4 What is the business of a bank? 4 What is a commercial bank? 4 What are the alternatives? 4 Use of regulated words 6 Overview of the
More informationCOMMISSION DELEGATED REGULATION (EU) No /.. of
EUROPEAN COMMISSION Brussels, 13.3.2014 C(2014) 1557 final COMMISSION DELEGATED REGULATION (EU) No /.. of 13.3.2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council
More informationBasel Committee on Banking Supervision
Basel Committee on Banking Supervision Consultative Document Principles for the Management and Supervision of Interest Rate Risk Supporting Document to the New Basel Capital Accord Issued for comment by
More informationFrequently Asked Question (FAQ) on Investment Account Last updated: 14 July 2016
Frequently Asked Question (FAQ) on Investment Account Last updated: 14 July 2016 This document supplements the policy document on Investment Account (IAF) by addressing common and potential implementation
More informationConsultation Paper. Draft Guidelines On Significant Credit Risk Transfer relating to Article 243 and Article 244 of Regulation 575/2013
EBA/CP/2013/45 17.12.2013 Consultation Paper Draft Guidelines On Significant Credit Risk Transfer relating to Article 243 and Article 244 of Regulation 575/2013 Consultation Paper on Draft Guidelines on
More informationRISK AND CAPITAL MANAGEMENT
RISK AND CAPITAL MANAGEMENT BASEL II - PILLAR III DISCLOSURES June 2012 Page 1 Table of Contents 1 Executive summary... 3 2 Group Structure... 4 3 Capital structure and capital adequacy ratio... 6 4 Credit
More informationMANUAL MONETARY AND FINANCIAL STATISTICS MANUAL AND COMPILATION GUIDE
MANUAL MONETARY AND FINANCIAL STATISTICS MANUAL AND COMPILATION GUIDE 2015 2016 I N T E R N A T I O N A L M O N E T A R Y F U N D ANNEX 1 Islamic 4.3 Financial Institutions and Instruments 4.256 This annex
More informationZAG BANK BASEL PILLAR 3 DISCLOSURES. December 31, 2015
ZAG BANK BASEL PILLAR 3 DISCLOSURES December 31, 2015 1. OVERVIEW OF ZAG BANK Zag Bank (the Bank ) is a Schedule I federally chartered Canadian bank and a wholly-owned subsidiary of Desjardins Group (
More informationBank of China (Malaysia) Berhad Risk Weighted Capital Adequacy Framework (Basel II) Disclosure Requirements (Pillar 3) 30 June 2014
Risk Weighted Capital Adequacy Framework (Basel II) Disclosure Requirements (Pillar 3) 30 June 2014 CONTENTS 1. Introduction 2. Scope of Application 3. Capital 3.1 Capital Management 3.2 Capital Adequacy
More informationStatus of Risk Management
Status of Upgrading Basic Stance In today s environment, characterized by ongoing liberalization and internationalization of financial services and development of financial and information technology,
More informationDesjardins Trust Inc. Financial Information and Information on Risk Management (unaudited)
Desjardins Trust Inc. Financial Information and Information on Risk Management (unaudited) For the period ended September 30, 2017 TABLE OF CONTENTS Page Page Notes to readers Capital Use of this document
More informationIslamic Finance and Financial Crisis. The First Islamic Finance & Investment Forum for the Middle East- 2-3 March 2010 Amman - Jordan
Islamic Finance and Financial Crisis The First Islamic Finance & Investment Forum for the Middle East- 2-3 March 2010 Amman - Jordan By Saleh Hussain Deputy Chairman Bahrain Association of Banks 1 Agenda
More informationAnnual Report 2014 Expanding Our Institutional Capability
Basel II Pillar 3 Disclosures EXECUTIVE SUMMARY Securities & Investment Company BSC(c) (SICO) is a conventional wholesale bank licensed by the Central Bank of Bahrain (CBB). SICO provides innovative products
More informationGUIDELINES FOR THE MANAGEMENT OF COUNTRY RISK
SUPERVISORY AND REGULATORY GUIDELINES: 2006-0 11 th April, 2006 GUIDELINES FOR THE MANAGEMENT OF COUNTRY RISK I. INTRODUCTION The Central Bank of The Bahamas ( the Central Bank ) is responsible for the
More informationBasel II, Pillar 3 Disclosures
Basel II, Pillar 3 Disclosures RISK AND CAPITAL MANAGEMENT FOR THE YEAR ENDED 31 December 2013. These disclosures have been prepared in accordance with the Public Disclosure Module ( PD ) of the CBB Rule
More informatione-learning and reference solutions for the global finance professional Basel II University
e-learning and reference solutions for the global finance professional Basel II University A comprehensive e-learning product on the new capital adequacy framework issued by the Basel Committee. Upon completion
More informationIdentifying and Mitigating Systemic Risks: A framework for macro-prudential supervision. R. Barry Johnston
Identifying and Mitigating Systemic Risks: A framework for macro-prudential supervision R. Barry Johnston Financial crisis highlighted the need to focus on systemic risk Unprecedented reach of the financial
More informationDisclosures on Capital Adequacy and Market Discipline (CAMD) Pillar III
Disclosures on Capital Adequacy and Market Discipline (CAMD) Pillar III A) Scope of Application : (a) These guidelines apply to Delta Brac Housing Finance Corporation Ltd. (b) DBH has no subsidiary companies.
More informationRISING UP TO THE CHALLENGES IN ISLAMIC LIQUIDITY MANAGEMENT
RISING UP TO THE CHALLENGES IN ISLAMIC LIQUIDITY MANAGEMENT An Exchange s Perspective November 2010 Raja Teh Maimunah Global Head, Islamic Markets Contemporary Issues Managing liquidity is arguably the
More informationRISK MANAGEMENT MODULE
RISK MANAGEMENT MODULE MODULE RM (Risk Management) Table of Contents RM-A RM-B RM-1 RM-2 RM-3 RM-4 RM-5 RM-6 RM-7 RM-8 Date Last Changed Introduction RM-A.1 Purpose 01/2011 RM-A.2 Module History 04/2014
More informationAl Baraka Islamic Bank B.S.C. (c) Basel III, Pillar III Disclosures. 30 June 2017
30 June 2017 Content Page 1 INTRODUCTION 3 2 CAPITAL ADEQUACY 3 3 RISK MANAGEMENT a) Credit risk 8 b) Market risk 19 c) Equity of Investment Accountholders 23 d) Off-balance sheet equity of Investment
More informationGOLDENBURG GROUP LIMITED PILLAR III DISCLOSURES BASEL III
GOLDENBURG GROUP LIMITED PILLAR III DISCLOSURES BASEL III YEAR ENDED 31 DECEMBER 2014 May 2015 ACCORDING TO SECTION 4 (PAR. 32) OF THE CYPRUS SECURITIES AND EXCHANGE COMMISSION DIRECTIVE DI144-2014-14
More informationFINANCIAL INSTITUTIONS
FINANCIAL INSTITUTIONS OVERVIEW 1. Islamic banking is not a negligible or merely transient phenomenon. Islamic financial institutions are here to stay and there are signs that they will continue to grow
More informationBasel III Risk and Pillar III disclosures 30 June 2018
Basel III Risk and Pillar III disclosures Executive summary... 3 1. The Basel III framework... 3 a. Pillar I... 4 b. Pillar II... 4 c. Pillar III... 5 2. Group structure and overall risk and capital management...
More informationRevising the principles for the supervision of financial conglomerates
Revising the principles for the supervision of financial conglomerates Conglomerates conference Brussels 28 June 2012 Olivier Prato Teresa Rutledge 1 Introduction About the Joint Forum G-20 request resulted
More informationBERMUDA MONETARY AUTHORITY GUIDELINES ON STRESS TESTING FOR THE BERMUDA BANKING SECTOR
GUIDELINES ON STRESS TESTING FOR THE BERMUDA BANKING SECTOR TABLE OF CONTENTS 1. EXECUTIVE SUMMARY...2 2. GUIDANCE ON STRESS TESTING AND SCENARIO ANALYSIS...3 3. RISK APPETITE...6 4. MANAGEMENT ACTION...6
More information32. Management of financial risks
298 F CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 32. Management of financial risks General information on financial risks As a result of its businesses and the global
More informationDisclosures under Pillar III- Market Discipline
Disclosures under Pillar III- Market Discipline A) Scope of application Qualitative Disclosures: a) The name of the Financial Institutions GSP Finance Company (Bangladesh) Limited b) An outline of differences
More informationBasel Committee Norms
Basel Committee Norms Basel Framework Basel Committee set up in 1974 Objectives Supervision must be adequate No foreign bank should escape supervision BASEL I Risk management Capital adequacy, sound supervision
More informationCOPYRIGHTED MATERIAL. Bank executives are in a difficult position. On the one hand their shareholders require an attractive
chapter 1 Bank executives are in a difficult position. On the one hand their shareholders require an attractive return on their investment. On the other hand, banking supervisors require these entities
More informationAsset Liability Management
e-learning and reference solutions for the global finance professional Asset Liability Management A comprehensive e-learning product covering Global Best Practices, Strategic, Operational and Analytical
More informationMusharaka Capital Company Pillar III Disclosure Report
Musharaka Capital Company Pillar III Disclosure Report 31.12.2017 Table of Contents Overview:... 2 Capital structure... 4 Capital adequacy... 5 Risk management... 6 Market risk... 6 Credit risk... 7 Operational
More informationRegulation and risk The strategic response to insurance regulatory developments Alex Thomson, May 2013
Regulation and risk The strategic response to insurance regulatory developments Alex Thomson, May 2013!@# Agenda 1. Strategic priorities and regulation 2. Global insurance regulatory developments 3. East
More informationBasel Committee on Banking Supervision. Principles for the Management and Supervision of Interest Rate Risk
Basel Committee on Banking Supervision Principles for the Management and Supervision of Interest Rate Risk July 2004 Basel Committee on Banking Supervision Principles for the Management and Supervision
More information