Digitalisation and emerging technologies are transforming both the financial sector and the operations of deposit insurers worldwide, creating new efficiencies as well as risks that warrant careful attention.
IADI has identified the key impact drivers of financial innovation and digitalisation on deposit insurance. Building on insights gained through work in IADI’s committees, a public consultation and the IADI Digital Roundtable, this IADI report sets out the relevance of four key drivers. It focuses on:
- New digital products at the perimeter of deposit insurance
- New market entrants and the changing behaviour of depositors
- Technology and deposit insurance operations
- The cross-cutting question of public awareness
In addition, IADI sets five priority themes for its analytical and policy activities in this area:
- Monitoring regulatory developments
- Clarifying and operationalising the scope of deposit insurance coverage
- Enhancing public awareness of coverage
- Promoting operational resilience and technological capability of its members
- Continued international collaboration and cooperation in the financial safety-net
Alongside the report, IADI is also publishing its Preliminary Views and Forward Agenda.
