15th IFSB Summit kicks off in Malaysia
EghtesadOnline: 15th Islamic Financial Services Board (IFSB) Summit and the 30th Meeting of the Council chaired by Deputy Governor of Central Bank of Iran (CBI) started work on Tuesday in Malaysia.
Akbar Komeijani delivered a speech in the opening ceremony of the event.
A delegation headed by Komeijani from CBI and Tehran Stock Exchange (TSE) participated in the event, IRNA reported.
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was officially inaugurated on the 3rd November 2002 and started working on 10th March 2003.
It serves as an international standard-setting body of regulatory and supervisory agencies that have vested interest in ensuring the soundness and stability of the Islamic financial services industry, which is defined broadly to include banking, capital market and insurance.
As of December 2016, the 188 members of the IFSB comprise 70 regulatory and supervisory authorities, eight international inter-governmental organisations, and 110 market players (financial institutions, professional firms and industry associations) operating in 57 jurisdictions.