IFSB Appoints Governor of Central Bank of Malaysia as Its Chair
The Council of the Islamic Financial Services Board (IFSB) resolved to appoint its Chairperson and Deputy Chairperson for 2020. H.E. Nor Shamsiah Mohd Yunus, the Governor of Bank Negara Malaysia, or BNM, has been appointed to take over as the Chair of IFSB, while H.E. Mubarak Rashed Khamis Al Mansoori, the Governor of Central Bank of the United Arab Emirates (CBUAE), has been appointed as the Deputy Chairperson. The new appointments take effect from January 01, 2020.
H.E. Nor Shamsiah Mohd Yunus took over the chairpersonship of IFSB from H.E Fazle Kaber, the Governor of the Bangladesh Bank. H.E. Nor Shamsiah Mohd Yunus is the 9th Governor of Bank Negara Malaysia and assumed office on July 01, 2018. She chairs the Monetary Policy Committee, the Financial Stability Committee, and the Financial Stability Executive Committee of Bank Negara Malaysia.
Related Link: Press Release
Keywords: International, Banking, Chair, Deputy Chair, BNM, CBUAE, IFSB Chair, IFSB
Previous Article
FED Proposes to Extend Initial Compliance Dates Under SCCL RuleRelated Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.