Review of the Audit Report on the IADI Website Relocation and Enhancement Project (Phase II) by Deloitte was completed and the IADI Secretariat is working on finalising its response to the report;

IADI Financial Statements and the Secretariat’s Quarterly Reports on the Statement of Activities and Financial Position for the FY 2018/2019 - continue to be reviewed, whenever produced;

Audited Financial Statements for FY 2017/2018 - approved at the AGM held in October 2018;

ARCC agreed to proceed with the process to appoint PricewaterhouseCoopers (PwC) as the new External Auditor from FY 2019/20; and

ARCC provided recommendations to IADI Secretariat with regards to:
- A separate bank account for IADI Reserve Target Funds; and
- Follow up on the findings from the Audit of the IADI Website Relocation and
  Enhancement Project (Phase II)

The CPRC has obtained motions of approval for the publication of an Internal Research Paper, titled Perspectives on Recoveries of Failed Bank Assets; a Research Paper on Deposit Insurance Fund Target Ratio; and to undertake new topics on Resolution Issues for Financial Cooperatives. Other papers that are currently in progress include: the draft Guidelines for the Development of IADI Research, Guidance and Core Principles, and a paper on Purchase and Assumption Resolution Methods.

• The Islamic Deposit Insurance Technical Committee (IDITC) - chaired by Ronald Rulindo, IDIC, Indonesia- continued its drafting of the Core Principles for Islamic Finance Regulation: Effective Islamic Deposit Insurance Systems and a discussion paper on Shariah Approaches on the Resolution of Islamic Banks, jointly working with the Islamic Financial Services Board.

• The Public Policy Objectives Technical Committee completed its draft discussion paper on Public Policy Objectives for Deposit Insurance Systems; and the Financial Inclusion and Innovation Technical Committee finished the draft research paper on Deposit Insurance and Financial Inclusion: Current Trends on Insuring Digital Stored-value Products. These papers were reviewed by the RU and subsequently circulated to the CPRC for review.

• Other papers are at the final stage or currently in progress:

  • Research paper on Deposit Insurers’ Role in Contingency Planning and System-wide Crisis Preparedness and Management.

  • Research paper on Differential Premium Systems.

  • Research paper on Risk Management and Internal Control Systems of Deposit Insurance Systems.

• The CPRC and the RU have drafted the Guidelines for the Development of IADI Research, Guidance and Core Principles, which will replace the Strategic Plan document issued in June 2011. These Guidelines explain the organisational structure for research at IADI and provide a methodology for:

  • preparing the annual research plan, including new research topics/plans;

  • identifying, developing, reviewing and issuing IADI guidance, research and other papers;

  • ensuring that research papers and guidance papers meet high standards of quality and consistency; and

  • undertaking consultation with other international financial institutions (IFIs), academia and other interested parties for the development and promotion of IADI research and guidance.

The DSTC-IADI Secretariat’s transition process has been completed. The Data and Survey Technical Committee (DSTC) was dissolved in October 2018. The RU has assumed the activities related to IADI survey and data management. The Association expresses gratitude to Eugenia Kuri Alamillo (former Chair of DSTC), Juan Carlos López Mora (former International Survey Coordinator) and other former DSTC Members for their strong leadership and commitment until the dissolution of the committee.

In conjunction with the IADI Secretariat and Regional Chairpersons, the MRC participated in membership application processing (in accordance with the Updated Policy for Membership and Partner Application and Requirement);

Following up on the prioritisation of Membership Benefits and Communications Initiatives (efforts led by Canada Deposit Insurance Corporation (CDIC)), the top three rankings identified as priorities based on the responses received from all respondents were:

Intention to review Membership fee structure – MRC will actively take part in the WGNFO for the review on this initiative;

Greater use of Regional Chairpersons – MRC will proactively arrange a bi-monthly conference call with Regional Chairpersons to receive the most updated information (especially inputs from smaller DIs); and

Surveying the specific needs of IADI Members – MRC will liaise with the IADI Secretariat Research Unit to connect between feedback obtained from the Survey and transmit these inputs to the TTAC (with the respective Technical Assistance Workshop, Capacity Building or other outreach or retention related initiatives).

The final draft for the Manual for Planning and Conducting Training and Technical Assistance Workshops (TAW Manual) is complete and will be submitted for EXCO approval;

A working version of the Terms of Reference for Expert Consultancy Assignment under Technical Assistance Program for IADI members has been developed;

Together with IADI/FSI Connect tutorials, a basic syllabus for CP workshops, the Core Curriculum for CP Workshops of which the first working draft is a Proposal for Core Principles Workshops is currently in development progress (joint partnership between TCTC and IADI Secretariat);

With the support of IADI Members in building IADI Repository for knowledge events starting from 2013, the repository project has advanced considerably since the upload of the materials started in October 2018. Knowledge materials for 35 events have been uploaded out of planned 66 events. These can be found on eBIS (IADI Home Page – IADI Knowledge events). Members are requested to send materials for the event hosted by them to Ms Violeta Arifi-Krasniqi – the Chair of the Working Group in charge of the Repository Project;

The IADI’s Self-Assessment Technical Assistance Program (SATAP): Program Description and Guidelines was updated and incorporated lessons learned from the Brazil and Vietnam SATAPs. The document was approved by TCTC and TTAC; and

The Speaker Database Tool (or Interface for IADI Speakers Search) developed by the TCTC and the CDIC of Chinese Taipei was approved by TCTC and TTAC.  The tool uses the data gathered from the TATC survey launched in November 2017. In addition, a development of the draft version of the Strategies to Broaden and Maintain the Roster of Speaker paper was approved by TTAC.