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Pre Conference Workshop: Monday 12 October 2009
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9am | Establishing an Islamic banking operation – myth’s and reality
09:00 - 17:00
This highly interactive workshop will enable participants to collectively identify the challenges and risks involved in acquiring, starting up and running a successful Islamic Bank or Islamic window operation. Through the use of practical examples and case studies, participants will gain awareness and competency in establishing a new Islamic Finance business.
Who will benefit from attending?
This workshop is aimed at senior finance practitioners who are considering the acquisition or establishment of an Islamic Bank or Window and who wish to gain practical insight into the approaches that can be taken to mitigate risk and ensure a successful operation
Workshop outline
- Identification of targets for acquisition
- Development of business strategy
- The regulatory perspective
- Governance infrastructure
- Shariah compliance
- Operations – people, process and technology
- Liquidity
- Handling risk management
- Financial reporting standards
- Strategies and solutions to help you to mitigate risk and protect your investment
Your workshop leader:
Daud Vicary Abdullah is the Chairman of Islamic Finance Group, Deloitte. Daud has been in the Finance and Consulting Industry for more than 35 years, with significant experience in Asia, Europe, Latin America and the Middle East. Since 2002 he has focused almost exclusively on Islamic Finance.
Daud was the first Managing Director of Hong Leong Islamic Bank, where under his guidance the group successfully transformed an Islamic Banking Window into a full-fledged Islamic Banking Subsidiary. During his time at Hong Leong he was also closely involved in the planning for and launch of Hong Leong Tokyo Marine Takaful, where he was a Board member. Following that, Daud became Chief Operating Officer and Acting CEO at Asian Finance Bank, a brand new Islamic Bank, where he was responsible for establishing the infrastructure to support the business lines, including the establishment of the Shari’ah review process, opened new branches and established a representative office in Jakarta.
Since leaving line management in Islamic Finance in late 2008, Daud is involved in delivering and coordinating the delivery of strategic and operational consulting for the establishment of Islamic Financial Institutions as well as providing training and operational insight to the running of Financial Institutions.
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Day One: Tuesday 13 October 2009
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8.15am | Registration and refreshments
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8.30am | Chairman’s opening remarks
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9am | Opening Keynote Address:
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9.30am | Welcome Address: Islamic finance and its role in the post crisis world
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| The global banking crisis – what, how and when? |
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10am | Global vs local credit crunch – Are we witnessing the era of “de-globalisation”?
- Can local banks distance themselves from the global turmoil?
- What reforms are needed?
- How can regional banks cope with deteriorating economic conditions and mounting asset-quality problems?
- The GCC is approaching adulthood-where will it go from here?
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| | Dr Sahar Nasr, Lead Financial Economist- social and Economic Development Group, The World Bank
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10.30am | Morning refreshments and networking
sponsored by
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11am | An overbanked region – has it grown too much, too fast?
- Is consolidation in the industry finally inevitable?
- How will the “survival of the fittest” evolve? Will we witness a new wave of mergers and acquisitions?
- Where does regulation fit in and what is the risk of “unrest”?
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| | Dr Reinhold Leichtfuss, Managing Director and Lead er of financial Services for the Middle East, Boston Consulting Group
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| Surviving the “perfect storm” – shifting sands and their effect on Middle Eastern banks |
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11.30am | Are we experiencing the era of fearful credit and global mistrust?
- Are risks perceived to be greater that they actually are?
- Is this global banking meltdown the result of ineffective corporate global regulation or less than ethical corporate entrepreneurial management?
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12pm | Keynote: Banking re-invented – Preparing for the post-crisis banking world
- Restoring confidence to unlock liquidity in the banking sector
- Adequate capitilisation through collaboration – working with shareholders, strategic investors and governments
- Identifying the new GCC banking model
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12.30pm | Keynote: Charity begins at home: resilient domestic markets help Middle East Banks weather global credit storms
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1pm | Networking lunch
(*Those who wish to attend the Hawkamah task force meeting may reconvene in the conference hall at 13:30. The floor will be opened for Q&A at 14:30)
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| The need for regulatory and supervisory reforms |
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1.30pm | The Hawkamah Round Table: the role of corporate governance in ensuring transparency and maintaining sustainability and soundness of the region’s financial system – the 2009 Policy Brief
- Discussion of the policy brief on corporate governance
- Lessons learned from the global financial crisis and implications for the region
- Developing the next steps for regional banks
The speakers in this special session include the major Central Banks from the MENA region that have endorsed the policy. This session provides you with the unprecedented opportunity to actively participate in the discussions that will shape the Corporate Governance framework for the region’s banking sector.
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2.30pm | The Hawkamah Round Table: Q&A interactive session
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3.30pm | Keynote: The role of accounting and disclosure standards towards a new and sustainable banking model • Are banks in the Middle East up to pace with international regulatory standards?
- Can new standards revive confidence?
- What degree of transparency is needed?
- The case for and against a regional/global regulator
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4pm | Rethinking regulatory models – where do we go from here?
- Regulatory weaknesses and challenges
- Developing effective regulatory frameworks and standards that work for the region
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| | Mr Stephen Glynn, Director - Head of Enforcement, Dubai Financial Services Authority
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| The role of Governments and Central Banks in providing a system-stabilising influence |
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4.30pm | Speed Networking and refreshments
Sponsored by
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5pm | Keynote: Should we be looking East or West for answers?
- The role of the US Government and the EU in the recovery of the global banking system
- What are the effects of government intervention?
- What do we learn from the success of the Asian banks and how much can the Middle East adopt?
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| | Dr Heiko Hesse, Economist -Middle East & Central Asia Department, International Monetary Fund - IMF
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5.30pm | Adjusting current governance and remuneration practices
- What segments of the industry need greatest stimulation?
- What measures should the government be taking?
- Keynesian economics - the right option?
- Nationalisation and its importance for regional banks
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6pm | Close of day one
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6.15pm | Cocktail reception
sponsored by:
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Day Two: Wednesday 14 october 2009
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8.30am | Registration and refreshments
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9am | Chairman’s opening remarks
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| Economic and financial integration in the GCC |
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9.10am | The Chief Economist Panel discussion: Bringing benefits to the region’s financial markets: financial integration within the GCC
- Improving and enhancing growth and liquidity in GCC markets
- Creating deeper regional economic integration
- Ensuring a strong GCC common currency, alongside the US dollar, the Euro, Yen and the emerging Chinese Yuan
- Development of a strong CGG Central Bank
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| | Moderator: Dr Fabio Scacciavillani, Director of Macroeconomics and Statistics, Dubai International Financial Centre Authority (DIFCA)
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| The role of Islamic finance in providing strength and stability to the Middle Eastern banking effort |
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9.50am | Islamic Banking to the rescue – how realistic are the expectations?
- How big a role can Islamic finance play in rebuilding confidence in the banking sector?
- Improving Shari’ah convergence
- Will the sukuk market recover earlier than the conventional loan market?
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10.20am | Morning Refreshments and networking
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10.50am | Taking Islamic banking to the next level
- What role will Islamic finance play as new markets emerge in Asia: India, Japan and China
- Identifying the drivers of Islamic banking growth in new regions
- What new role will Shari’ah boards and Scholars?
- Broadening the reach: Should Islamic banks offer conventional windows?
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| The future of investment banking |
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11.30am | Case Study: Lehman Brothers – the lessons learnt
- What we can all learn from the fall of Lehman Brothers
- The challenges and pitfalls of restructuring a global organisation
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| | Mrs Ann Cairns, Head of Financial Industry Advisory Services, Alvarez & Marsal
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12pm | Focus session: What new model will emerge from the ashes of Lehman Brothers and JP Morgan?
- How is the investment banking model expected to change in the short term?
- Will confidence in investment banks be restored?
- How will the prime brokerage model evolve?
- Will we see the end of proprietary trading?
- Will investment banking as we know it rise back from its ashes when the problems are resolved?
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| | Mr Oscar Silva, Executive Vice President - Head of Investment Banking, Gulf International Bank
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12.45pm | Networking lunch
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2pm | Keynote: Reinvigorating the project finance market - What does the future hold?
- What can be done to make these long term projects more attractive for banks to finance?
- Can Shari’ah compliant financing products be the most secure way forward?
- Exploring lucrative financing options: aviation and shipping finance
- Responding to challenging market conditions with innovative deal structuring – how competitive are regional banks?
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2.30pm | Interactive discussions, between 15-25 participants, moderated by an industry expert. High level brainstorming and networking.
 Round Table 1: Investment Banking Round Table 2: Islamic Banking
Round Table 3: Risk Management
Round Table 4: Consumer credit and mortgage finance
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| Resurrecting consumer credit and mortgage finance |
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3.10pm | Focus session: Evolving risk management processes to match evolving risks
- Interpreting risk measures and how they are affected by changing market conditions
- Managing risk through managing client expectations
- The role of IT in the risk management process
- Should we be moving from Basel II to Basel III?
- Has Basel II been misconceived? Does it need to be reworked?
- How have the GCC countries implemented Basel II? Did the unified approach prove to be successful?
- Do we need a Basel III for a “new order”?
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| | Dr Sunando Roy, Board Member, Professional Risk Managers International Association (PRMIA)
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3.45pm | Afternoon refreshments and networking
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4.15pm | Keynote: Looking ahead – developments and potential for Middle Eastern Banks
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| | Dr Reinhold Leichtfuss, Managing Director and Lead er of financial Services for the Middle East, Boston Consulting Group
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4.45pm | Chairman’s closing remarks and close of conference
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Post Conference Workshop: Thursday, 15 October 2009
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9am | Banking during the new era
09:00 - 17:00
This highly interactive workshop will provide an overview of four trends in the global consumers mind set and define how these substantial changes in behaviour will influence the retail banking sector in this new era.
Who will benefit from attending?
This workshop is aimed at senior management and executives form HR, Brand Marketing, IT, Premises including senior executives in loans, cards, SME. The priority is for all who are considering ways of insuring growth and profitability. They will get an insight into the latest influences and trends within the financial retail and SME sector.
Workshop Outline
Section 1. Setting the Scene:
• The global economy
• The planet
• Loss of trust
• Re-evaluating Brands
• Myth busting the consumers relationship with their financial institutions and banking partners
Section 2. Defining the key issues:
• Straw poll of views relative to the future of banking
• Post crisis brand positioning truths and trends
• Islamic values in banking.
• The role of innovation.
Section 3. Finding solutions:
• Interactive work - session around financial retailing
• What trends in consumer behaviour are most likely to influence the financial sector
• How can financial institutions re-engage with consumers, build trust and re-establish relevance
• What will banking look like in 2012
Your workshop leader:
Aubrey Ghose is recognised as one of the world’s leading authorities on retail branding. Holding degrees in Architecture and in Design and Art, Aubrey's professional career has been devoted exclusively to the design industry, focusing on building brands in the minds of consumers through the application of original, innovative, and high-effective retail concepts. He spent 20 years with international London based consultancies such as Fitch, HLS and as Co-Founder of Allen International. Aubrey founded ais BrandLab in 2003, bringing a unique and holistic approach to retail brands from headquarters in Barcelona.Now with support offices in London and Dubai it has become a leading agency in Europe and the Middle East.
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HE Dr. Omar Bin Sulaiman, Governor, Dubai International Financial Centre 
