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IADI’s Role in Supporting and Promoting Deposit Insurance Africa Regional Conference The Benefits of Deposit Insurance in Africa 29 – 31 July 2010 Arusha,

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Presentation on theme: "IADI’s Role in Supporting and Promoting Deposit Insurance Africa Regional Conference The Benefits of Deposit Insurance in Africa 29 – 31 July 2010 Arusha,"— Presentation transcript:

1 IADI’s Role in Supporting and Promoting Deposit Insurance Africa Regional Conference The Benefits of Deposit Insurance in Africa 29 – 31 July 2010 Arusha, Tanzania Don Inscoe Secretary General

2 1 International Association of Deposit Insurers Established in 2002 following deliberations of the Financial Stability Forum: IADI is a not-for-profit organization constituted under Swiss Law… and a separate legal entity IADI is hosted by the Bank for International Settlements (BIS) in Basel Switzerland Other BIS organizations that contribute to financial stability include the Basel Committee on Banking Supervision, Financial Stability Board, Financial Stability Institute, and the International Association of Insurance Supervisors 61 deposit insurance organizations are IADI members, 20 other participants' include central banks and International Financial Organizations

3 2 International Association of Deposit Insurers Who partipates in IADI? 61 Members are deposit insurance organizations established by law or statute 6 Associates are organizations, include some considering or forming deposit insurance Bank of Mongolia Monetary Authority of Singapore* Prudential Policy Bank of Algeria Bangko Sentral ng Philippines* National Treasury (South Africa) Bank of Thailand* *Deposit insurers in Singapore, Philippines, Thailand are also IADI members

4 3 International Association of Deposit Insurers Who participates in IADI? 12 Partners have a stake in financial stability Asian Development Bank, Association of Supervisors of the Banks of Americas, Centro de Estudios Monetarios Latinamericanos, European Bank for Reconstruction and Development, European Forum of Deposit Insurers, IMF, South East Asian Central Banks (SEACEN) Research and Training Centre, The Toronto International Leadership Centre for Financial Sector Supervision, Office of Technical Assistance (US Treasury), Union of Arab Banks, The World Bank

5 4 International Association of Deposit Insurers Objectives and Initiatives IADI contributes to the stability of financial systems by promoting international cooperation: Set international standards, undertake research on DI issues Assist members seeking to strengthen or improve their DIS and provides forums for deposit insurers to share experiences promote deposit insurance role in safety net Other support for Members - Databank and website, research and surveys, logistical assistance, etc.

6 5 International Association of Deposit Insurers Set international standards, undertake research on DI issues - Core Principles jointly published by IADI and Basel Committee 2009, with input from European Forum of Deposit Insurers, G20 -Core principles Methodology is being developed by an international working group to assess compliance, including self- assessment and 3 rd party -The Methodology WG includes IADI, BCBS, IMF, WB, EC, EFDI -3 rd party assessments can include peer reviews (FSB), and FSAPs conducted by IMF and WB.

7 6 International Association of Deposit Insurers Set international standards, undertake research on DI issues - IADI has a large organization responsible for conducting research and publishing guidance - Published guidance papers include: Legal Protection, Governance, Public Awareness, Funding, Differential Premium Systems, Failed Bank Resolutions, Interrelationships among Safety Net Participants - Active research projects: Cross Border Issues, Organizational Risk Management, Public Policy Objectives, Payout Process, Transitioning Issues, Financial Inclusion, Islamic Banking -IADI has unique data from surveys and other sources International DIS, Payout systems, financial crisis - unwinding, increased level or scope of coverage, members’ training needs and capacity to provide capacity building

8 7 International Association of Deposit Insurers Assist members seeking to strengthen or improve their DIS, and provides forums for deposit insurers to share experiences -Conferences and Seminars Conferences: Annual Conference, Regional Conferences including Seminars: Claims Management, Bank Resolutions, Islamic DI fundamentals On-line training: DI Basics, Premiums and Fund Management, Claims Management and Payout, Asset Management – Role of Receiver -Capacity Building Program to provide technical assistance to members (payout systems, data management, legal issues, bank resolutions)

9 8 International Association of Deposit Insurers (IADI) IADI contributes to the stability of financial systems by promoting international cooperation: Promote deposit insurance role in safety net Collaborative development of Core Principles and Methodology, co- sponsors of events with BIS, FSI, BCBS, FSVC, SEACEN Joint research efforts on issues arising from financial crisis (IADI, IMF, for Financial Stability Institute – Unwinding blanket guarantees, transitioning, convergence Joint development of on-line training with Financial Stability Institute Conferences and training participants include deposit insurers, financial institution supervisors, and central banks

10 More information on the website Upcoming conferences and training Latest research and data Extensive materials members only Surveys and statistics Deposit Insurance organizations in IADI and world wide How to join Thank you www.iadi.org


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