UID:
edoccha_9960178425602883
Format:
1 online resource (39 pages).
ISBN:
1-4983-0888-0
Series Statement:
Policy Papers ; IMF publication ; Volume 2018, Issue 028
Content:
This paper provides a proposal to incorporate the Core Principles for Islamic FinanceRegulation (Banking Sector) (CPIFR) issued by the Islamic Financial Services Board(IFSB),1 as part of the standards used in assessing the banking regulatory andsupervisory regimes of relevant member jurisdictions under the Financial SectorAssessment Program (FSAP) and the Reports on Observance of Standards and Codes(ROSCs). The CPIFR largely reflects the order of the Basel Core Principles on EffectiveBanking Supervision (BCP), with five additional principles that are specific to Islamicbanking operations. Thus, for countries that have systemically significant Islamicbanking sector, the assessment of the banking regulation and supervision regime of thejurisdiction would be against the CPIFR (for fully Islamic banking systems) or BCP andthe five additional core principles under the CPIFR (for dual banking systems). The Fundstaff is seeking the endorsement of the Executive Board on this proposal.--Executive summary.
Note:
Glossary -- INTRODUCTION -- OVERVIEW OF THE CPIFR -- BOX -- APPLICATION OF THE CPIFR -- PRINCIPLES SPECIFIC TO ISLAMIC BANKS IN CPIFR -- TECHNICAL ASSISTANCE -- APPENDICES.
Additional Edition:
ISBN 1-4983-0849-X
Language:
English
DOI:
10.5089/9781498308496.007
