Core Principles for Effective Deposit Insurance Systems
IADI published a set of draft Core Principles for Effective Deposit Insurance Systems [draft Core Principles] for the benefit of countries considering the adoption or reform of a deposit insurance system (published 29 February 2008). The draft Core Principles include preconditions that should be in-place to support an effective deposit insurance system, and are designed to be adaptable to a broad range of country circumstances, settings and structures.
In March 2009 the Basel Committee on Banking Supervision (BCBS) and IADI jointly issued a consultative Core Principles for Effective Deposit Insurance Systems [Joint Core Principles] for comment by 15 May 2009. The Joint Core Principles elaborate on preconditions, and enhance the draft Core Principles to account for the collaborative views of participant deposit insurers, supervisory authorities, and central banking organizations. The Joint Core Principles newly include explanations and supporting guidance.
Joint Core Principles from IADI and Basel Committee on Banking Supervision (BCBS)
In an effort to supplement the BCBS’s Core Principles for Effective Banking Supervision, IADI and the BCBS formed a joint working group to develop a set of Joint Core Principles. The Joint Core Principles were developed to move toward an internationally agreed set of Core Principles using the IADI draft Core principles as a basis. The joint working group was comprised of representatives from the BCBS’s Cross-border Bank Resolution Group (CBRG) and IADI’s Guidance Group. The joint working group included representatives from bank supervisors, central banks, deposit insurers, and other observers.
Joint Core Principles for Effective Deposit Insurance Systems
IADI Draft Core Principles
The draft set of Core Principles, provided in six languages on the website, has been superseded by the Joint Core Principles. The draft Core Principles are based on IADI Research and Guidance (2002 – 2008), a Financial Stability Forum working group report (2001), and Asian Pacific Economic Cooperation (APEC) Policy Dialogue on Deposit Insurance (2005). Links to these Related Resources are provided below.
Core Principles for Effective Deposit Insurance Systems - English Version (PDF Help)
Core Principles for Effective Deposit Insurance Systems - Chinese Version (PDF Help)
Core Principles for Effective
Deposit Insurance Systems - Arabic Version (PDF
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Core Principles for Effective Deposit Insurance Systems - Spanish Version (PDF Help)
Core Principles for Effective Deposit Insurance Systems - Russian Version (PDF Help)
Core Principles for Effective Deposit Insurance Systems - Portugese Version (PDF Help
Related Resources
IADI Endorsed Guidance from Third Parties
References to reports from a Financial Stability Forum (FS) Working Group on Deposit Insurance and the Asia Pacific Policy Dialogue are provided in several languages. Also see Core Principles for Effective Deposit Insurance Systems, Annex.
Report of the Financial Stability Forum - Enhancing Market and Institutional Resilience, 7 April 2008.
In an April 2008 report on Enhancing Market and Institutional Resilience the Financial Stability Forum (FSF) called on authorities to agree on an international set of core principles for effective deposit insurance systems (April 2008).
The FSF report was developed in response to a request from the G7 ministers to undertake and analysis of causes and weaknesses that produced the financial turmoil in global markets beginning in 2007.
Core Principles for Effective Banking Supervision from the Basel Committee on Banking Supervision
The Basel Committee on Banking Supervision Core Principles for Effective Banking Supervision provide an international benchmark for assessing the quality of national supervisory systems. The Basel Core Principles acknowledge that a carefully designed system of deposit insurance can contribute to public confidence in the banking system.