Sukuk Funds and Bonds: Types, Issuance, Investment, Structure and Financing

The key objective of this training course is to empower professionals with—
• detailed knowledge of all practices involved in risk-based supervision of pension funds
• sound decision-making skills to rightfully identify and allocate resources to areas requiring supervisory guidance
• the required understanding and experience to train other professionals on risk-based supervision of pension funds
• the maturity and knowledge to create and review process and system documentation around practices and processes involved in the entire process
• the overall skill and capabilities to handle and effectively manage senior roles and responsibilities related to risk-based supervision of pension funds for one’s organisation, thus building a sound career path and future for oneself
• the required analytical skills and foresight to study data and identify risks for effective risk assessment and management
• the necessary exposure and confidence to undertake roles in other organisations at a global level, thereby fostering further career development beyond one’s organisation
• the overall potential and skillset to stay relevant and competitive in the industry in this particular area of interest, with a strong sense of logical reasoning and prioritisation
Course Content
Broad Risk Categories of the Pension Industry
• Portfolio risks
• Agency risks
• Systemic risks
Main Components of Regulation in the Pension Industry
• Licensing criteria
• Governance rules
• Investment rules
• Independent custodian
• External audit
• Disclosure requirements
• Guarantees
• Minimum capital and reserves
• Regulation on costs and fees
• Sanctions
Objectives of Risk-Based Supervision of Pension Funds
• Better understand the organisational financial position
• Vary supervision scope and intensity as per risk level
• Use time and resources efficiently
• Allocate scarce resources effectively
• Possess a pro-active approach
• Promote confidence in the system
Key Focus Areas when Establishing Risk-Based Supervision of Pension Funds
• Adaptation of models
• Application of models
• Data collection
• Independence of supervisory body
• Reorganisation of the supervisory body
• Staff
• Industry
• Powers
• Risk-based solvency
• Systemic risks
• Achievability approach
Important Pillars for Risk-Based Supervision of Pension Funds
• Quantitative requirements
• Supervisory response process
• Market discipline
Steps in Building a Risk-Based Supervision Framework
• Establishment of objectives of pension supervisory authorities and risks focus
• Identification of risks
• Establishment of a methodology for mapping and weighting risks
• Establishment of a quality assurance process
• Establishment of a methodology for allocating supervisory resources based on risk assessments
Advantages of Risk-Based Supervision of Pension Funds
• Maximum use of scarce regulatory resources
• Increased probability of timely problem identification
• Encouragement for pension funds to run businesses well
Challenges in Establishing Risk-Based Supervision of Pension Funds
• Combining simplicity with complexity
• Knowledge and data
• Ensuring assessments are forward-looking
• Going beyond individual firms in assessing risks
• Operation and structure of internal risk governance processes
• Changing organisational structure to include the risk-based approach
• Managing blame
• Making resources follow risks
Risk Mitigants
• Quality of governing body
• Management controls
• Compliance culture and procedures
• Effectiveness of operational management
• Adequacy of risk management systems
• Adequacy of independent review
• Role of administrator
• Sponsor
• Financial support

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 11th – 14th  Feb,2025
2ND BATCH: 17th – 20th June,2025
3RD BATCH: 28th – 31st Oct,2025