The Central Bank Governors are:
1. Rasheed Al Maraj, Governor of Bahrain
2. Burhanuddin Abdullah, Governor of Indonesia
3. Yves Mersch, Governor of Luxembourg
4. Dr Zeti Aziz Akhtar, Governor of Malaysia
5. Sheikh Abdulla Saud Al Thani, Governor of Qatar
6. Hamad Al-Sayari, Governor of Saudi Arabia
7. Dr Sabir Mohamed Hassan, Governor of Sudan
8. Stefan Ingves, Governor of Sweden
The Governors will be joined by, among other distinguished speakers, the Former Prime Minister of New Zealand, Rt. Hon. Jenny Shipley who will be delivering the Gala Dinner Keynote Address. Dato' Zarinah Anwar, Chariman Securities Commission of Malaysia, Dr. Basel Hindawi, Vice Chairman and Director General of the Jordan Insurance Commission, Dirk Witteveen, Chairman of the Joint Forum, Herve Hannoun, Deputy General Manager of Bank for International Settlements and Philippe Richard, Secretary-General of International Organisation of Securities Commission (IOSCO) have also confirmed their participation.
The 4th Summit, themed "The Need for a Cross-Sectoral Approach to the Supervision of Islamic Financial Services" will bring together the key regulators and players of the Islamic financial industry, which encompasses the banking, securities and takaful (Islamic insurance) segments.
The unique business models of banking institutions that offer Islamic financial services which combine, in a majority of jurisdictions, activities of commercial banking, asset management and investment banking, without legal, financial and administrative separation poses new challenges to supervisory authorities. A cross-sectoral approach, as reflected in the work of the Joint Forum, which draws from the different segments of the industry will help in addressing these challenges.
The theme of the Summit is very timely, given that the IFSB Council has approved, earlier this year, amendments to the Articles of Agreement, thereby opening the door to the securities and insurance supervisory authorities to join the IFSB as Full Members. The Summit reflects the mandate of the IFSB to set standards for all segments of the industry.
Browse
related articles
Banking and Securities Regulators to speak at the 4th Islamic Financial Services Board Summit
- United Arab Emirates: Tuesday, October 31 - 2006 at 10:54
- PRESS RELEASE
Eight Central Bank Governors will join their UAE host, Sultan Bin Nasser Al Suwaidi in the 4th Islamic Financial Services Board (IFSB) Summit.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
Log in to request more information from IFSB
Notes and media contacts
Joint Forum: Under the aegis of the Basel Committee, the International Association of Insurance Supervisors (IAIS) and the International Organisation of Securities Commissions (IOSCO), the Joint Forum addresses some of the most important supervisory issues that arise from the continuing emergence of financial conglomerates and the blurring of distinctions between the banking, securities and insurance sectors.The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was officially inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international-standard setting body of regulatory and supervisory agencies that have vested interest in ensuring the soundness and stability of the Islamic financial services industry, which is defined broadly to include banking, capital market and insurance. In advancing this mission, the IFSB promotes the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing international standards consistent with Islamic Shari'ah principles, and recommend them for adoption. To this end, the work of the IFSB complements that of the Basel Committee on Banking Supervision, International Organization of Securities Commissions and the International Association of Insurance Supervisors.
The IFSB has 94 members from 21 countries. These include 22 regulatory and supervisory authorities as well as the International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank and Asian Development Bank, and 67 financial institutions.
Released by the ISLAMIC FINANCIAL SERVICES BOARD (IFSB), 3rd Floor, Block A, Bank Negara Malaysia Building, Jalan Dato' Onn, 50480 Kuala Lumpur, Malaysia.
Media enquiries: SIHAM ISMAIL Tel: +603-2698 4248 ext 119 Fax: +603-2698 4280
URL: www.ifsb.org
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, October 31 - 2006 at 10:54 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds