The establishment of the International Islamic Liquidity Management Corp (IILM) will further enhance the capacity of Islamic finance in facilitating efficient cross-border flows, Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, said today.
She said the corporation would enable effective liquidity management not only for the Islamic financial institutions but also for the management of Islamic financial portfolios.
"This development is also significant as it demonstrates an international collaboration among the central banks.
"The greater collaboration among regulators seen in this decade cumulatively serves to contribute towards the continued resilience of the global Islamic financial system," she said in her welcoming address at the Global Islamic Finance Forum 2010 today. - Bernama
Read more: http://www.btimes.com.my/Current_News/BTIMES/articles/20101025163849/Article/index_html#ixzz13McbwWCE - Oct 25, 2010
FINANCE - Liquidity management - Islamic finance boost via IILM: Zeti - Luxembourg was co-signing the agreement - no sign of France or the UK
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