IFSB issues two new Exposure Drafts for public consultation

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12 Oct 2011

On 12 October 2011, the Islamic Financial Services Board (IFSB) issued two new Exposure Drafts (EDs) for a three-month public consultation period.

The EDs are drafts of guiding principles on:

  • Liquidity Risk Management
  • Stress Testing for institutions offering Islamic financial services (IIFS).

The drafts were approved for issuance by the Technical Committee, in its 25th meeting held in Abu Dhabi on 6 October 2011. The IFSB invites comments from among regulatory and supervisory authorities, international organisations, market players, academics and other interested parties on the two drafts.

Summaries of the EDs and links to the documents themselves are available in a press release on the IFSB website. The IFSB will be organising a Public Hearing for the two EDs on 16 November 2011 in Kuala Lumpur, Malaysia.

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