AGENDA

REGULATORS FORUM
The Forum is conducted by regulators for regulators, and will provide a high-level platform for open discussions on critical and current global issues relating to the regulation of Islamic finance and the institutions involved. The Forum will be opened with a special session entitled �Financial Stability Report� by Tan Sri Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia.

Participants will consists of those from central banks, financial authorities and financial regulatory bodies.

Venue:
Diamond Ballroom, Lobby Level (26th October 2010)
Summit Room, Level 2 (27th October 2010)

Hosted by:

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Day One - 26th October 2010

07:30 – 09:00

Registration & Breakfast

9:00 – 10:15

Session 1:
Enhancing Islamic Financial System for the Next Decade

▪		Various countries are either at the stage of introducing regulatory frameworks in Islamic finance or have already begun introducing such frameworks into their financial markets. What are the challenges in moving forward?
▪		Post crisis, what will be the framework for regulating Islamic finance in the next five to ten years? What, if at all, requires fixing?
▪		What role could international bodies and standard setters play in promoting global standards for the Islamic finance industry that would help regulators to further develop the market?

Panelists:

▪		Prof. Datuk Rifaat Ahmed Abdel Karim, Secretary-General, IFSB
▪		Prof. Dr. Abbas Mirakhor, First Holder of INCEIF Chair of Islamic Finance
▪		Vicki Wilkinson, Principal Adviser, Corporations and Financial Services Division, Australian Treasury

Moderator:

▪

Prof. Dato’ Dr. Mohd Azmi Omar, Dean, Institute of Islamic Banking and Finance, International Islamic University Malaysia (IIUM)

10:15 – 10:45

Networking & Refreshment

10:45 – 12:15

Session 2:
Regulation & Supervision of Islamic Finance: Industry Expectations Post Crisis

▪		Does the recent financial crisis present an opportunity for the Islamic financial markets to expand its market share?
▪		Prior to the crisis there was widespread interest from jurisdictions keen to develop Islamic finance in their own market to integrate with existing players. Have recent events changed this perspective?
▪		What lessons can we derive from the crisis from the perspective of conventional banking to Islamic finance and from Islamic finance to conventional banking?

Panelists:

▪		Stella Cox, Managing Director, DDCAP Limited
▪		Dr. Armen V. Papazian, Chief Executive, Keipr, UAE
▪		Ismail Dadabhoy, Head of Islamic Finance, UBS

Moderator:

▪

Dato' Sri Nazir Tun Abdul Razak, CEO CIMB Group

12:15 – 13:00

Special Session: Financial Stability Report
Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, Governor, Central Bank of Malaysia

13:00 – 14:30

Luncheon Talk -
Shared Services and Outsourcing in the BFSI Sector - Mohd Safuan Mohd Zairi, Head-MNC and SSO MDec

14:30 – 15:45

Session 3:
Capital management in Islamic finance - "Would requirements be appropriate to mitigate risks in Islamic finance"

Panelists:

▪		Dr. Kingsley Moghalu, DG of Central Bank of Nigeria
▪		Maher Hasan, Deputy Division Chief, Capital Market Dept, International Monetary Fund (IMF)
▪		Raed H. Charafeddine, First Vice-Governor, Banque du Liban
▪		Inayat Hussain

Moderator:

▪

Dato' Mohd Razif Abdul Kadir

15:45 – 16:15

Networking & Refreshment

16:15 – 17:00

Session 4:
Social and economic impact of Islamic finance on markets

Panelists:

▪		Dato’ Dr. Abdul Halim Ismail, Executive Director, BIMB Securities
▪		Dr. Khaled Al-Aboodi, Islamic Corporation for the Development of the Private Sector (ICD), Saudi Arabia
▪		Prof. John Board, Director ICMA Centre & Henley School of Management, Reading University, UK
▪		Prof. Noureddine Krichene, Professor, INCEIF

Moderator:

▪

Mushtak Parker, Editor Islamic Banker, UK

Day Two - 27th October 2010

07:30 – 09:00

Registration & Breakfast

09:00 – 10:30

Session 5:
Legal and Shariah Governance – Navigating Islamic Finance in Perfect Storm

▪		For Islamic finance to continue its rapid growth there has to be clarity on what happens when things go wrong.
▪		The recent crisis saw defaults and near defaults in Islamic finance. Is the dispute resolution mechanism in markets that practice Islamic finance ready to tackle defaults?
▪		Where do we draw the line between Sharia and the law of the land?
▪		Can alternative form of dispute resolution such as arbitration and mediation play a key role?

Panelists:

▪		Iqbal Khan, Fajr Capital Limited
▪		Aida Othman, Partner, Zaid Ibrahim & Co.
▪		Farmida Bi, Partner, Nortor Rose LLP
▪		Dr. Yahia Abdul Rahman, Founder, LARIBA Bank of Whittier USA

Moderator:

▪

Rushdi Siddiqui, Global Head of Islamic Finance, Thomson Reuters

10:30 – 11:00

Networking & Refreshment

11:00 – 12:30

Session 6:
Strengthening the role of wakeel to enhance takaful value chain

Panelists:

▪		Ajmal Bhatty, CEO, Tokio Marine Middle East, Dubai
▪		Sohail Jaffer, Partner, FWU Group
▪		Assoc. Prof. Dr. Engku Rabiah Adawiyah, Associate Professor at International Islamic University Malaysia (IIUM).

Moderator:

▪

Dato' Syed Moheeb Syed Kamarulzaman, Chairman, Malaysian Takaful Association

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