Resolution Frameworks for Islamic Banks
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Islamic banking is growing rapidly and its potential impact on global financial stability cannot be underestimated. International standards for resolving banks have evolved after the global financial crisis, culminating in the Financial Stability Board’s (“FSB”) Key Attributes of Effective Resolution Regimes for Financial Institutions. This paper examines the applicability of the Key Attributes to the resolution of Islamic banks. It concludes that a number of issues would need to be addressed, owing to Islamic banks’ unique governance structures and balance sheets. It recommends international guidance for the design of robust Shari`ah -compliant resolution frameworks for jurisdictions with Islamic banks.
Series:
Working Paper No. 2015/247
Subject:
Asset and liability management Bank resolution Bank resolution framework Banking Financial crises Financial services Islamic banking Legal support in revenue administration Revenue administration Special purpose vehicle
English
Publication Date:
November 24, 2015
ISBN/ISSN:
9781513503219/1018-5941
Stock No:
WPIEA2015247
Pages:
34
Please address any questions about this title to publications@imf.org