19.02.2010 - Islamic financial services industry to discuss new financial architecture and its challenges
As the world emerges out of recession, financial authorities the world over are in the process of developing and implementing a comprehensive infrastructure to address the new challenges confronting the international financial system. Given the scale and scope of the crisis, confronting these new challenges would inevitably involve discussions and actions for an integrated crisis management framework. The G20 for example has launched an agenda to reform financial regulations, the key areas of which include the strengthening of international frameworks for prudential regulation, the review of the scope of regulation, the revision of accounting standards, and more effective oversight of credit rating agencies as well as strengthening risk management.........................................Full Press Release: Source
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