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5.6 Market Risk and Derivative Use in Islamic Banking .............................................................................. 75 5.7 Capital Conservation Buffer and Countercyclical Buffer in Islamic Banks .................................. 76 5.8 What are the Core Principles Effective in Banking Supervision in Islamic Banking? ............. 76 5.9 Is there a need for a separate Islamic Banking Regulator? ................................................................. 77 6. Policy Recommendations ........................................................................................................... 78 6.1 General Findings on OIC Banking ................................................................................................................... 78 6.2 Changing Role of Supervision in OIC Countries after Basel III? ........................................................ 83 References ............................................................................................................................................ 87 APPENDIX: Banking Sector In Selected OIC Countries ......................................................... 89 Additional Tables............................................................................................................................ 112