2nd public hearing on IFSB Exposure Drafts 12, 13
The two drafts are: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Collective Investment Schemes) (ED-12) and Guiding Principles on Stress Testing for Institutions (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) offering only Islamic Financial Services (ED-13). The Public Hearings, (the first was held in Kuala Lumpur on 16 November 2011) are held within the Public Consultation period of the document, and are part of the IFSB due process for the development of standards and guiding principles. The EDs, which are available for download from the IFSB website, were issued on 12 October 2011. Public consultation will end 12 January 2012.