implications of the too - big - to - fail reforms for global banking | deutsche bundesbank implications of the too - big - to - fail reforms for global banking remarks by claudia m. buch, vice - president, deutsche bundesbank prepared for the iifbpi colloquium on cross - border resolution & regulation 09. 07. 2020 | virtuell | claudia buch 1 motivation 2 the capacity of globally active banks to absorb shocks has increased 3 there has been progress with regard to the feasibility and credibility of resolution 4 this progress has not come at the expense of lending to the economy or increase fragmentation of ﬁnancial markets 5 more needs to be done 6 further reading 1 motivation in the aftermath of the 2008 global ﬁnancial crisis, the g20 endorsed a number of reforms intended to make the ﬁnancial system safer. a core element of these reforms are policies that are addressing the “ too - big - to - fail ( tbtf ) reforms ” in order to reduce moral hazard and systemic risk. these reforms include standards for additional loss absorbency through capital surcharges and requirements for total loss - absorbing capacity, recommendations for enhanced supervision and heightened supervisory expectations, and policies to put into place effective resolution regimes and resolution planning to improve the resolvability of banks. many of the systemically important banks affected by these reforms operate across borders. effective policies to address the too - big - to - fail issue thus require international policy coordination, and the financial stability board ( fsb ) plays an important role in this regard. whether a bank is considered to be globally systemically important is based on an internationally agreed set of criteria. on this basis, the fsb publishes an annual list of about 30 globally systemically important banks or g - sibs. in https : / / www. bundesbank. de / en / press / speeches / implications - of - the - too - big - to - fail - reforms - for - global - banking - 836618 1 / 10 8 / 4 / 2020 implications of the too - big - to - fail reforms for global banking | deutsche bundesbank addition, there are domestic systemically important banks or d ‐ sibs. these are designated by their home authorities, and their number stood at 132 at the end of 2018. fsb standards provide that host authorities should impose internal total loss - absorbing capacity ( tlac ) requirements for material subgroups of systemically important banks residing in their jurisdiction. resolution plans

zeti akhtar aziz : expanding further understanding of islamic finance welcoming remarks by dr zeti akhtar aziz, governor of the central bank of malaysia, at the inceif's ( the global university in islamic finance ) public lecture by dr abbas mirakhor, the first holder of inceif chair of islamic finance, kuala lumpur, 29 january 2010. * * * it is my great pleasure to welcome you to the inceif's inaugural public lecture by dr abbas mirakhor, a distinguished scholar and the first holder of the inceif chair of islamic finance. the inceif public lecture series aims to provide a forum for promoting intellectual engagement to discuss the issues, developments and challenges in the area of islamic finance. the global financial crisis that has dominated the headlines across the world for more than two years has brought to the forefront the fundamental issues in the international financial system that need to be addressed. now, as the growth prospect resumes, the debate is focussed on the priorities and direction needed to reshape the post crisis world to ensure that the recovery will be sustainable. while islamic finance has demonstrated its resilience during this period, the industry is now entering into an environment that is fundamentally different in this post crisis era. the international financial reform agenda will result in new structures, standards and regulatory regimes for the global financial industry. greater financial inter - linkages and integration will also require greater cooperation and collaboration in the endeavour to preserve global financial stability. in this environment, the foundations for the sustainability for islamic finance as a competitive form of financial intermediation will need to continue to be strengthened. efforts are therefore being focussed on the further development of islamic financial markets, the financial infrastructure, research and development to support innovation, and enhancing the legal, regulatory and supervisory framework. in addition, the adoption of the relevant advances in technology and the development of human capital are also key to support the development of islamic finance. the ongoing efforts in these areas are aimed towards enhancing further the resilience of islamic finance which would in turn enhance its potential to contribute towards global financial stability and the prospects for global growth. indeed, the topic of the inceif's public lecture today, “ paradigm change in shaping the future of islamic finance ” is timely for us to deliberate and reflect on the issues confronting islamic finance moving forward. we are indeed honoured today to have dr abbas mirakhor. dr abbas joins inceif following a long and distinguished career as