EMEs have not experienced the levels of liquidity stress that advanced economies had suffered. Therefore, implementing the liquidity standards requires EMEs to develop the capability to collect and collate the relevant data accurately and granularly, with a view to analysing and forecasting the liquidity stress scenarios with reasonable accuracy and consistent with their own situation.
It is a pleasure to have you with us. As in previous years, the Conference agenda deals with a wide range of topics, all of which are important to the future development of the Islamic financial services industry.