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The Islamic Financial Services Board (IFSB) launched its annual Survey on the Implementation of IFSB Standards. The Survey is directed to the member regulatory and supervisory authorities (RSAs) to assess their progress in implementing the IFSB Standards. According to Jaseem Ahmed, Secretary-General of the IFSB, the Survey is useful in providing feedback on the progress and major constrains faced by the authorities. In 2015 a total of 39 RSAs from 27 countries responded and overall 18 RSAs have implemented at least one IFSB standard. In the banking sector, nine RSAs have already implemented more than 50% of the standards. The results of the Implementation Survey 2016 are planned to be presented to the IFSB Technical Committee and Council in early 2017.