Reuters – The Islamic Financial Services Board has published new guidelines on liquidity and stress-testing, seeking to reduce the balance sheet risk of Islamic financial institutions in line with a tightening of standards in conventional banking.
The guidelines are the first published by the Malaysia-based body, which sets global standards for Islamic finance, since December 2010. The guidelines are not mandatory — it is up to national regulators to decide whether to adopt them — but the IFSB said it expected regulators to begin using them in 2013.
