TERMS OF REFERENCE
Audit and Risk Council Committee (ARCC)
Mandated to undertake the responsibilities that had been mainly performed by the AC, the ARCC would perform Internal Control activities, and evaluation of Risks (IS/IT, Reputation, Finance); propose the Delegation of Powers to the Council; ensure compliance and integrity of the Association’s operations with IADI’s Policies & Procedures and the internal/external regulatory framework; review the Association’s arrangement for Members to raise concerns, in confidence, about possible wrongdoing in financial reporting or other matters; and to administer internal control and risk assessment with the External Auditor.
Member Relations Council Committee (MRC)
Mandated to undertake the responsibilities that had been mainly performed by the FPC and MCC, the MRC would oversee the liaison with Members and provide oversight to the design of the communications platforms (IADI Newsletter and releases, IADI Web Site, etc.); to policy development proposals (related to the scope of its activities: IT, Members, Investment, Communications, etc.); and the outreach strategy for new members. It will also review and recommend the budget for approval to the EXCO and will review non-routine applications to join IADI.
Training and Technical Assistance Council Committee (TTAC)
Mandated to undertake the responsibilities that had been mainly performed by the TCC, the TTAC would provide oversight to the compliance of the Core Principles (self-assessments, peer reviews, etc.); to develop an annual workplan to undertake the work of the Committee; facilitate the sharing and exchange of expertise and information through training, development and educational programmes and conferences; and oversee and review the core curriculum training and technical assistance programme.
Core Principles and Research Council Committee (CPRC)
Mandated to undertake the responsibilities that until now had been mainly performed by the RGC and DSC, this Council Committee would oversee and review Core Principles Research & Guidance, and research activities; ensure liaison with academic and international financial institutions; advance the collection of deposit insurance system data through IADI surveys; and perform oversight of advancing deposit insurance policies development and work closely with the Senior Policy and Research Advisor on the development of the Association’s research agenda.
Regional Committees were created for Africa, Asia, the Caribbean, Eurasia, Europe, Latin America, the Middle East and North Africa and the North America to reflect regional interests and common issues through the sharing and exchange of information and ideas. The Regional Committees perform such functions in a manner to further the Objects of IADI and to act in the best interests of the Association. The Chairs of the Regional Committees are responsible for recommending or proposing action to the Executive Council and communicating plans and activities and reporting on their activities at each meeting of the Executive Council to ensure focus and transparency.