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Editor :

Gail L. Verley

Secretary General

Tel: +41 61 280 99 31             Fax: +41 61 280 95 54   

Email: Gail.Verley@iadi.org

Kim Peeters White

Deputy Secretary General        

Tel: +41 61 280 99 33                 Fax: +41 61 280 95 54            

Email: Kim.White@iadi.org

If you would like to subscribe to the IADI Newsletter, please send an email to webmaster@iadi.org


Welcome to the IADI's e-Newsletter

IADI is pleased to provide the next issue of its e-Newsletter. The e-Newsletter keeps you up-to-date on information about IADI activities from January to July 2016, as well as on IADI upcoming events.
This issue includes:

Message from Thomas M Hoenig, President of IADI and
Chair of the Executive Council
  Farewell Message from the IADI Secretary General Gail Verley

Announcements of New Secretariat Members and Farewell
to Departing Secondees

Events (Dec 2015 - Jul 2016)
  EXCO Councilmembers Departures Since December 2015 

Upcoming announcements for Annual General Meeting

Developments of Advancing the Core Principles
for Effective Deposit Insurance Systems
IADI Communications Policy
Refreshed Website
New IADI Participants and Partners
Forthcoming events

  We look forward to seeing you at the 15th Annual General Meeting and Annual Conference, 23-28 October 2016 in Seoul, Korea.  

     Gail L. Verley 
   Secretary General
   International Association of Deposit Insurers

   Message from Thomas M Hoenig, President of IADI and Chair of the Executive Council

Reading through this issue of the newsletter reminds me what a busy time it has been for IADI since I was elected to serve as President and Chair of the Executive Council last October. I have enjoyed working with the EXCO and across the broader membership on issues that are important to the Association as we advance IADI’s mission to enhance the effectiveness of deposit insurance through international cooperation.

As our Association moves into a new era of leadership, I want to express my sincere thanks to Gail Verley for her dedicated service to IADI over the past three years. As Secretary General, Gail has represented IADI around the world, and she has been an instrumental part of my transition to President of IADI and Chair of the EXCO.

I have relied upon her leadership and guidance in working with the EXCO on many projects, including IADI’s five-year Strategic Plan, the recruitment and selection of our next Secretary General and the Association’s first Senior Policy and Research Advisor, and the successful oversight of the Website Redesign and Enhancement project. I also want to thank Gail for her support in the transition to her successor, David Walker. I appreciate all that Gail has accomplished for IADI and wish her and her family the best. Please join me in thanking Gail.

We are extremely fortunate to have David Walker join IADI as our new Secretary General effective 01 October 2016. David has been a major contributor in IADI’s efforts to promote more effective deposit insurance systems around the world for over a decade; this experience makes him uniquely qualified to serve as our next Secretary General. David will work closely with Ms Kumudini Hajra, our new Senior Policy and Research Advisor (SPRA). Ms Hajra will coordinate the efforts of our Research and Guidance Committee and our Advisory Board to develop IADI’s policy and research agenda and continue to deliver high-quality products on critical issues that affect deposit insurers worldwide. Please join me in welcoming David and Kumudini.

We have crossed some important milestones for the Association since the adoption of our Strategic Plan last year. The Secretariat has been strengthened with the selection of our new SPRA. We created three Working Groups to map out the action items for IADI in three key areas of the Strategic Plan: funding, governance and technical assistance, and we heard the recommendations of these groups at our May meeting in Paris. While the EXCO decided to pause on any revamping of our funding model pending a review of the success of Phase I of the Plan, they adopted a new governance concept that will further strengthen the role of the Secretariat and enhance IADI’s effectiveness in the policy arena through its production of research and guidance. The EXCO is moving forward on the implementation of the governance concept so that the new structure can be presented at our Annual General Meeting in Seoul.

The EXCO also approved the recommendations of the Working Group on Training and Technical Assistance, which included a series of regional workshops to address the needs identified by the Group’s membership survey. The Training and Conference Committee is now working with our Regional Chairpersons to plan these workshops and create programs that are responsive to the specific needs of members within each region.

I want to thank the members of the EXCO for their diligent efforts in making this impressive progress on our Strategic Goals, and I thank all IADI members for your continued dedication in fulfilling the important mission of our Association. I look forward to seeing everyone at our 2016 Annual General Meeting in Seoul.


   Farewell Message from the IADI Secretary General Gail Verley

It is a pleasure to share with you an update on the Association’s activities. Most significant is the selection of the next Secretary General(SG), David Walker. Since this is my last newsletter as SG, I wanted to express my deep appreciation to IADI for the support provided to the Secretariat and me. My tenure began in September 2013 and will end 30 September 2016. I look forward to seeing you at the 2016 Annual Meeting in Seoul to bid farewell.

During my tenure so far, the Association has grown in membership to 82 Members, 10 Associates and 14 Partners. In addition, the update of the IADI Core Principles for Effective Deposit Insurance Systems(Core Principles) and Handbook for Assessing Compliance with the Core Principles were completed under the leadership of the EXCO and the Core Principles Steering Committee. The joint conference with the Financial Stability Institute(FSI) focusing on Crisis Management, Bank Resolution and Deposit Insurance is now a key program offering of the FSI, bringing together all safety-net organisations to discuss and debate these critical issues. As one of the originators of the program in 2010, the importance of this conference today reflects the growing role of IADI to participate in the global discussions on financial stability.

We have seen the Association’s Strategic Goals updated and a plan developed to enable IADI to enhance its capabilities as the standard-setting body for deposit insurance. Developing the framework for a stronger Secretariat to support the growing organisation’s needs has been a key focus. Embracing the necessary changes and the revenue to support IADI’s programs, the membership approved an increase in annual fees for the first time, beginning in the current fiscal year.

It has been a privilege serving as the IADI Secretary General and working with our Deputy SG, Kim White, and the Secretariat secondees. Kim’s leadership and dedication since IADI’s inception ensures that the Secretariat is prepared to welcome new staff, IADI Participants and Partners and that governance and financial matters are prepared for the Association’s leadership. The support of our Members sponsoring secondments in the Secretariat has enabled the Association to grow and address the operational and strategic issues. Working with this international team has been extremely rewarding.

Goodbye, adieu, ciao, adios, auf Wiedersehen



   Announcements of New Secretariat Members and Farewell to Departing Secondees


New Secretariat Members

David Walker
David Walker
(Secretary General)
IADI recently announced that Mr David Walker will succeed Ms Gail Verley as SG of IADI, effective 01 October 2016, for a four-year term. Mr Walker will be joining IADI from the Canada Deposit Insurance Corporation (CDIC) where he held the position of Managing Director of the Executive Office and International Affairs. He had worked at CDIC for over 20 years in roles of increasing responsibility involving insurance and risk assessment, policy development and international affairs. Throughout the years, Mr Walker has provided leadership and guidance on behalf of IADI and the CDIC. He has contributed greatly to advancing effective deposit insurance systems worldwide. Mr Walker joined the Secretariat staff in July as a Senior Advisor, prior to assuming his duties as SG in October. A press release of the announcement may be found here.

Kumudini Hajra
(Senior Policy and Reseach Advisor)
Phase I of IADI’s Strategic goals focuses on advancing IADI’s research and policy development, including strengthening the work of the Secretariat with longer term expertise to address this goal. Similar to the recruitment for the next SG, the Association conducted a competitive process to select the candidate for this newly created position, resulting in the Executive Council appointing Ms Kumudini Hajra. Ms Hajra joins IADI from the Reserve Bank of India where she served for nearly 23 years in various areas including deposit insurance, resolution framework, and capital markets. Ms Hajra will serve a four-year term, beginning 1 July 2016. A press release of the announcement may be found here.
The Secretariat will be announcing the recruitment later this month for a Senior Research Analyst and Administrator (SRAA). The SRAA will conduct research and analysis on deposit insurance and financial stability issues and manage the collection, reporting, interpretation and maintenance of deposit insurance information, including data collected from member countries.

Farewell to Departing Secondees

Farewell to Michiyo, YoungWoon and Oktawiusz- the Secretariat would like to express its sincere gratitude to the highly valued staff members who have returned, or shall soon be returning, to their organisations following the end of their secondments, as well as express gratitude for the continued support of the sponsor organisations.
Michiyo Yonei, of the Deposit Insurance Corporation of Japan (DICJ), has been at the Secretariat since January 2013. Amongst her many responsibilities, Michiyo has played a key part in the planning and monitoring of the Association’s finances and audit activities, in addition to assisting in the detailed planning and execution of numerous IADI events.

She will be succeeded by Mr Takayuki Suzuki, also of the DICJ.
    YoungWoon Kim, of the Korea Deposit Insurance Corporation (KDIC), began at the Secretariat in June 2014. His skills have been applied to, amongst other areas, the production of presentations for the SG, the maintenance of the Annual Survey database (and research based upon it), and for managing the IADI external and member-only websites.

Mr Sangjun Lee, also of the KDIC, has joined us to continue these critical activities of the Secretariat and Association.
    Oktawiusz Szubart, returned to the Bank Guarantee Fund (BFG), Poland, in February 2016 having served at the Secretariat for a two year period. Oktawiusz contributed to the drafting of several Association publications, such as the Annual Report, Business Plan and Newsletters. Whilst he worked closely with the Membership and Communications Committee (MCC), simultaneously Oktawiusz was a member of Research and Guidance Committee (RGC) Subcommittees such as, Financial Inclusion and Innovation and Deposit Insurance Fund Target Ratio.  

  Events (Dec 2015 - Jul 2016)


ERC Annual Meeting and Conference

The European Regional Committee (ERC) held its Annual Meeting and International Conference between 11-13 February 2016, in Torino, Italy, hosted by the Fondo Interbancario di Tutela dei Depositi (FITD). The event included a Workshop on the IADI Core Principles for Effective Deposit Insurance Systems (the CPs), alongside a related discussion on the IADI Handbook for the Assessments of the CPs and speakers’ experiences. An International Conference on the theme of ‘Preventing and Resolving Bank Crises in the European Banking Union and Depositor Protection’ followed the Workshop. The Workshop and Conference featured high-level representatives from the European Central Bank, Single Resolution Board and International Monetary Fund.

9th DICJ Round Table
The Deposit Insurance Corporation of Japan (DICJ) held the “9th DICJ Round Table” on 17-18 February 2016, in Kyoto, Japan, with 100 participants from foreign deposit insurance institutions and relevant authorities representing 17 countries/jurisdictions (20 institutions) as well as domestic experts. The Round Table theme “Lessons Learned from Respective Countries” included lively discussions and presentations on the experiences and issues concerning financial crisis and deposit insurance systems. Senior representatives of deposit insurance corporations from nine different jurisdictions, along with representatives from the Japanese organisations comprising the financial safety net, addressed the participants. Further details may be found here.

47th EXCO - Basel
Alongside the RGC Subcommittee and IADI Standing Committee meetings associated with the Executive Council (EXCO) Meetings, the 47th EXCO Meeting, was held from 7-9 March 2016, in Basel, Switzerland. The agenda included meetings of the three EXCO Working Groups and a Workshop on Resolution Issues for Financial Cooperatives (RGC Subcommittee SRIFC). Around 40 delegates attended the Workshop, chaired by Julien Reid of the AMF, Quebec, from around 20 jurisdictions. The Workshop provided an opportunity to exchange views, generate interaction, answer questions and receive comments on topics covered in the SRIFC survey. Twenty-seven jurisdictions responded to the SRIFC survey. The survey results, as well as jurisdictions selected for case studies, will form the basis for the Subcommittee’s first research paper.

LARC, RCNA and CRC workshop
From 19-20 April 2016, the Seguro de Depósitos Sociedad Anónima (SEDESA, Argentina) hosted the First Americas Deposit Insurance Forum, in Buenos Aires, Argentina. The event brought together, for the first time, deposit insurance organisations from the Regional Committees of Latin America, the Caribbean and North America. Amongst the topics under discussion were unique issues for deposit insurance and financial cooperatives, advancing stronger relationships with supervisors and other safety net players, and legal liability issues in resolution. The format for the Workshop included small round table discussions to address key questions raised by each topic as a method of engaging the participants to share experiences and respond to the speaker presentations. Further detail may be found here.

48th EXCO and Conference- Paris
IADI held its 48th EXCO Meetings, hosted by the Fonds de Garantie des Dépôts et de Résolution (FGDR), France, in Paris from 23 to 26 May 2016. On the final day of the event, Thursday 26 May, the FGDR and IADI Europe Regional Committee hosted a one-day conference on the theme of ‘Diversity and Harmonisation of Deposit Insurance’, which aimed to compare the harmonisation of principles and practices and the diversity of deposit insurance models: structures, mandates, governance, resources or operating methods. Around 180 delegates attended the Conference and speakers included the Chair of the FGDR, the French Minister of Finance, and Deputy Governor of the Banque De France. The panellists on each of four panels provided input based on their personal insights. For example, the four panellists on the theme of ‘Crises’ came from differing jurisdictions and spoke about facing a systemic crisis (Japan), dealing with multiple failures (Russia), crises inflicted by nature (Philippines) and a resolution case faced by a Private Deposit Insurance Scheme (Germany). Similarly, the panel on ‘Models’ (mandates) originated from DIOs with differing mandates worldwide. Further details may be found here.

Annual APRC meeting and conference
From 15-17 June 2016, the 14th Annual Asia-Pacific Regional Committee (APRC) Meeting and International Conference was held in Iloilo, Philippines, hosted by the Philippine Deposit Insurance Corporation (PDIC). The theme of the Conference was “Raising Public Awareness on Deposit Insurance” and it aimed to harness information, insights, practices and other knowledge resources in the communication field toward effective public awareness programs consistent with the IADI Core Principles. As such, the Conference provided a venue to encourage the exchange of experiences, challenges and lessons learned in developing and implementing effective public awareness programs among deposit insurance agencies. Amongst the delegations participating were those from India, Indonesia, Japan, Kazakhstan, Korea, Malaysia, Mongolia, Philippines, Russia, Singapore, Chinese Taipei and Thailand, and included specially invited communication experts and deposit insurance practitioners involved in public awareness programs.

Annual EARC meeting and Seminar
  The Deposit Protection Agency of the Kyrgyz Republic had the privilege to host the 9th Annual Meeting of the Eurasia Regional Committee(EARC) and International Seminar “Effective Deposit Protection Schemes and Crisis Management” between 30 June & 2 July 2016 in Bishkek, Kyrgyzstan. The opening of the Seminar was held in Bishkek on 30 June and the Seminar continued on the coast of Issyk-Kul Lake. All EARC members participated in the program, with over 60 attending the Seminar including IADI jurisdictions outside the EARC. Sessions of the Seminar included the following topics: Effective mechanisms and tools for sufficiency of the Fund & emergency sustainability of the Fund and its liquidity; Involvement of Deposit Insurers in Crisis Management and his preparedness; Role of the Deposit Insurer in Resolution Processes of troubled banks and use of Funds; Challenges faced by Deposit Insurers in line with the last changes in the banking sector in EARC countries during the financial crisis.


   EXCO Councilmembers Departures Since 2015

Five Councilmembers’ terms in their deposit insurance organisations concluded since December 2015, thus ending their term on the IADI Executive Council: Jerzy Pruski, former President of the Management Board, Bank Guarantee Fund, Poland, and former IADI President and Chair of the EXCO; Arjoon Harripaul, former General Manager, Deposit Insurance Corporation, Trinidad and Tobago and Caribbean Regional Committee (CRC) Chairperson; María Inés Agudelo, former Managing Director, Fondo de Garantías de Instituciones Financieras (FOGAFIN), Colombia, and Vice Chair of the EXCO; Jumana Hamed, former Director General of Jordan Deposit Insurance Corporation (JODIC) and Middle East and North Africa (MENA) Regional Committee Chairperson, and Jasbir Singh, Executive Director, Deposit Insurance and Credit Guarantee Corporation, India, and IADI Audit Committee Chairperson.

Jerzy Pruski

Arjoon Harripaul

María Inés Agudelo

Jumana Hamed

Jasbir Singh
The participation of these individuals in the leadership of IADI will be missed. Each has served diligently to advance the Association’s mission and objectives. We will formally recognise them at the 15th IADI AGM. We welcome their replacements and look forward to working together.

  Upcoming Announcements for Annual General Meeting


Election of EXCO Councilmembers  

The announcement for submitting an Expression of Interest (EOI) amongst the Designated Representatives to serve on the Executive Council, issued on 19 July,  outlines the process for candidates wishing to stand for election. Candidates submit Expressions of Interest no later than 9 September 2016. The overview of the Expressions of Interest received is posted on the IADI internal website 30 days prior to the election. The election will be presided over by the Secretary General via secret balloting at the AGM and the results announced during the AGM on 27 October 2016.

In order to ensure widespread representation of membership in the Council, Designated Representatives of all IADI Members are welcome to stand for 2016 Election. Due to the expiry of Councilmembers’ terms, and the limit on participation on the EXCO of six years (as per the Association’s By-Laws), there will be seventeen (17) positions vacant at this year’s election.

to see the current composition of IADI Executive Council.

to see the announcement.

DIO Awards Process 

Each year, on the occasion of its Annual General Meeting, IADI confers the honour of the Deposit Insurance Organisation (DIO) Awards. Except for the current award recipients, all IADI Members are eligible to self-nominate for awards in three categories, which are:

  • Achievement in Banking Resolutions & Payouts – under which IADI recognises a significant achievement of a DIO that handled or experienced the resolution and/or payout of one or more failed financial institutions
  • Core Principles & International Participation - in recognition of efforts made by the DIO to comply with the Core Principles by carrying out evaluations of compliance or making modifications to ensure conformity with the CPs, as well as the organisation’s international activities
  • Deposit Insurance System Improvement - which acknowledges the substantial improvements an organisation implemented to enhance its efficiency, broaden their mandate and powers or improve compliance with international best practices

Additionally, an IADI Member with outstanding achievements in, and self-nominated for, all three categories may be granted the Deposit Insurance Organisation of the Year Award.

The recipients of the DIO Awards in 2015 (who shall also form part of the Awards Committee for 2016) were:

  • Award Recipient for Banking Resolution & Payouts- Kazakhstan Deposit Insurance Fund
  • Award Recipient for Core Principles and International Participation- Korea Deposit Insurance Corporation
  • Award Recipient for Deposit Insurance System Improvements- Deposit Protection Corporation (Zimbabwe)
  • DIO of the Year Award Recipient- Deposit Insurance Agency (Russia)

for the full list of DIO Awards recipients   

  This year the DIO Award process will begin with an official call for self-nominations, sent out to IADI Members before the AGM. Members are encouraged to submit a self-nomination for an Award in any of the categories, along with any supporting documents, to the Secretary General within the stipulated deadline.

An Awards Committee will be formulated to review nominations and select the recipient in each category and, if any, the recipient of the DIO of the Year Award. Pursuant to the Criteria and the Selection Process, the Committee will consist of the Membership and Communications Committee (MCC) Chairperson, the Secretary General and representatives of the Members who received the DIO Awards in the prior year. The process will culminate at the Annual General Meeting on 27 October 2016 with the announcement of recipients of the Awards.

Full details of the Awards, including nomination instructions, selection criteria and process, scoring sheets and the Awards timeline, will be sent to all Members with the official call for self-nominations in August 2016.


  Developments of Advancing the Core Principles for Effective Deposit Insurance Systems

Approval of the Updated Handbook for Assessment of Compliance
with Revised Core Principles

IADI recently published the Updated Handbook for Assessment of Compliance with the Revised Core Principles (Handbook) following approval by the Executive Council. The Handbook, originally published in December 2010, is a resource designed to provide additional guidance for assessing a jurisdiction’s compliance with the Core Principles.

As was the case with the original Core Principles, although the original Handbook had served its purpose well, lessons learnt from the recent financial global crisis and from the experience of using the Handbook in instances such as in Colombia and the United States (and, more recently, in Kosovo), it was felt a revision of the Handbook would be appropriate. Thus, in late 2014, under the leadership of David Walker and Vijay Deshpande, a small drafting team reviewed and revised the Handbook to make it consistent with the revised Core Principles and Essential Criteria approved by IADI EXCO in October 2014. The drafting team members included staff from the Canada Deposit Insurance Corporation (CDIC) , the Instituto para la Protección al Ahorro Bancario (IPAB) of Mexico and the Federal Deposit Insurance Corporation (FDIC) of the US, working together to try to provide more detailed guidance for the assessors by suggesting appropriate compliance ratings in various situations. The Core Principles Steering Committee (comprised of 26 IADI Members, including the Chairperson, David Walker) provided critical input to the updating of the Handbook.

The drafting team worked with representatives of the FSB, World Bank and the International Monetary Fund to reach consensus and secure a recommendation for its use by their respective organisations. The Updated Handbook now also includes a more detailed explanation of the actual assessment process and provides a template for the compliance assessment report. As one Member stated, “The Handbook is far more comprehensive, clearer and instructive than the previous one was”, and is expected to be helpful in conducting the Financial Sector Assessment Program (FSAP) reviews and technical assistance, in addition to the self-assessment of compliance.

IADI wishes to thank all individuals and organisations that have contributed to the Updating of the Handbook.

for a link to the Revised Core Principles and Updated Handbook for Assessment of Compliance with the Revised Core Principles.


  IADI Communications Policy

Following a lengthy review, the Membership and Communications Committee (MCC) presented their final report on the Association’s Communication Policy at the recent EXCO Meeting in Paris.

The work began in 2014 and included an in-person survey conducted with 23 individuals by members of an MCC Working Group (WG). The survey assessed the perception of IADI communication methods, the needs and expectations of IADI stakeholders with respect to IADI’s communications (in terms of content, layout, accessibility and delivery method) and to validate and update, as necessary, the draft Communication Strategy Policy Paper. The interviewees included Members, Associates, potential Members, Partners, opinion leaders/key influencers, and academia.

Using the survey findings, the WG updated the Communications Policy. The Policy, accepted by the MCC, included near-term steps to refine and standardise internal correspondence, such as emails, whereas, the long-term steps included improvements in communication of research and survey data. The Secretariat will work with the MCC and EXCO to consider the implementation of the recommendations as outlined in the updated Communications Policy

for further details.


  Refreshed Website

A new look to IADI’s website will occur soon! Project Manager Jacques Vilar, from Federal Deposit Insurance Corporation (FDIC), began working with our new host, Nextron, to design and structure our new website. The project is due to be completed with the ‘go live’ of the site in August 2016. The Secretariat would like to express its gratitude to the IADI Data and Survey Committee, the Bank for International Settlements' Procurement Team, and, in particular, to YoungWoon Kim, Jacques Vilar, and Sangjun Lee for their efforts in this project.


   New IADI Participants and Partners

  Join us in welcoming IADI’s three new participants and a new partner: consisting of two new Members, the Cooperative Credit Guarantee Fund (FGCOOP) of Brazil and Iran Deposit Guarantee Fund; new Associate, the Auditing Association of German Banks; and new Partner, Consultative Group to Assist the Poor (CGAP).  
  Cooperative Credit Guarantee Fund      
The Cooperative Credit Guarantee Fund (or Fundo Garantidor do Cooperativismo de Crédito in Portuguese, in short, FGCoop) was incorporated in January 2014 with the aim of protecting depositors in Brazilian financial institutions participating in the National Credit Cooperative System (NCCS). FGCoop has a pay-box mandate and is privately administered, with a staff of 7 employees. The coverage limit is 64,000USD per depositor, per institution, and targets to commence deposit reimbursement within 60 days of an institution’s failure. Its membership of IADI was approved by EXCO at their meeting in May 2016.
  Iran Deposit Guarantee Fund      
  The Iran Deposit Guarantee Fund (or, in Persian/ Farsi, صندوق ضمانت سپرده ها) is a government legislated and privately administered system, with the mandate of a pay-box with extended but still limited roles and powers. The Fund was established under Article 95 of Iran’s Fifth Five-Year Development Plan (1390- 1394) 2011-2015. The coverage limit is One Billion Iranian Rials (around 33,000USD) per depositor, per institution, and targets to commence deposit reimbursement within 20 days after declaration of the Emergency Committee. With membership of the Fund mandatory, there are 35 insured institutions. Again, its membership of IADI was approved by EXCO at their meeting in May 2016.    
Auditing Association of German Banks  
The Auditing Association of German Banks (AAGB) (or, in German, Prüfungsverband deutscher Banken e.V.), based in Cologne, Germany, was established in 1969. It is the auditing institution within the deposit protection system operated by the private banks in Germany, stating as its main purpose to limit the potential risk for both compensation scheme (statutory and voluntary) and to prevent recourse to these pre-emptively, if possible. The AAGB has around 170 member institutions, all of whom are in the private banking sector. EXCO approved the AAGB’s application to become an Associate of IADI at their meeting in March 2016.  
Consultative Group to Assist the Poor
The Consultative Group to Assist the Poor (CGAP) was established in 1995 by the World Bank and other donors as a global partnership of 34 leading organisations that seeks to advance financial inclusion. It develops innovative solutions through practical research and active engagement with financial service providers, policy makers, and funders to enable approaches at scale. Housed at the World Bank, CGAP combines a pragmatic approach to responsible market development with an evidence-based advocacy platform to increase access to the financial services the poor need to improve their lives. CGAP states its mission is to improve the lives of poor people by spurring innovations and advancing knowledge and solutions that promote responsible, sustainable, inclusive financial markets.

The application of CGAP to become a Partner of IADI, formally approved by EXCO at their meeting in May 2016, highlights the importance of IADI, and deposit insurance generally, as part of the efforts to increase financial inclusion. Indeed, the RGC Subcommittee on Financial Inclusion and Innovation, formerly lead by María Inés Agudelo of FOGAFIN, Colombia, had the pleasure of Juan Carlos Izaguirre, Financial Sector Specialist at CGAP, provide a presentation on Deposit Insurance in the Digital Financial Inclusion Context.
As per the end of June 2016, the IADI membership has reached 106 participants, including 82 Members, 10 Associates and 14 Partners, placing the Association in an ever stronger position to fulfill its’ vision of sharing deposit insurance expertise with the world.

   Forthcoming Events (August 2016 to December 2016)

Asia-Pacific Regional Committee (APRC) Technical Seminar on Enhancing Asset Recovery

15-17 August 2016 | Ulaanbaatar, Mongolia
To be hosted by Deposit Insurance Corporation of Mongolia (DICoM)

Africa Regional Committee (ARC) Annual Conference

1-3 September 2016 | Zanzibar, Tanzania
To be hosted by Deposit Protection Corporation (Zimbabwe)


49th Executive Council Meeting

22 September 2016 | Basel, Switzerland
To be hosted by IADI Secretariat


2016 Solicitation - FDIC 101:
An Introduction to Deposit Insurance, Bank Supervision, and Resolutions

17-21 October 2016 | Arlington, United States
To be hosted by the Federal Deposit Insurance Corporation


15th IADI Annual General Meeting and Annual Conference
entitled Gearing Up for the Next Crisis
50th Executive Council, Regional and Standing Committee Meetings

23-28 October 2016 | Seoul, Korea
To be hosted by Korea Deposit Insurance Corporation

Joint Financial Stability Institute(FSI) - IADI Seminar

6-8 December 2016 | Basel, Switzerland
To be hosted by IADI and Financial Stability Institute (FSI)

Additionally, below is advance notice of 2017 events:-

51st Executive Council Meetings

13-17 February 2017 | Tokyo, Japan
To be hosted by Deposit Insurance Corporation of Japan (DICJ)

52nd Executive Council Meetings

29-31 May 2017 | Basel, Switzerland
To be hosted by the IADI Secretariat


The International Association of Deposit Insurers (IADI) was formed in May 2002 to enhance the effectiveness of deposit insurance systems by promoting guidance and international cooperation. Members of the IADI conduct research and produce guidance for the benefit of those jurisdictions seeking to establish or improve a deposit insurance system. Members also share their knowledge and expertise through participation in international conferences and other forums. The IADI currently represents 82 deposit insurers. The IADI is a non-profit organisation constituted under Swiss Law and is domiciled at the Bank for International in Basel, Switzerland.