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Forward-backward and isospin asymmetry for B -> K* l+ l- decay in the standard model and in supersymmetry

We discuss two dedicated observables in exclusive B -> K* l+ l- decay that can be used to study effects of physics beyond the standard model, namely the forward-backward asymmetry in the lepton spectrum and the isospin-asymmetry between decays of charged and neutral B mesons. We consider the region of large recoil-energy (i.e. small invariant mass of the lepton pair), and employ the QCD factorization approach to exclusive B meson decays. Sub-leading effects in the heavy quark mass expansion have been taken into account for the calculation of the isospin-asymmetry. We give predictions for decay asymmetries in the standard model, and its supersymmetric extension with minimal flavor violation, using parameter values allowed by current experimental constraints on B->X_s gamma decay.