International Association of Deposit Insurers (IADI)

 

Background

The IADI was formed on 6 May 2002 as a non-profit organization constituted under Swiss Law, domiciled at the Bank for International Settlements (BIS) in Basel, Switzerland. IADI’s creation has its roots in the work from 1999 to 2001of the Study Group (later to become the Working Group) on Deposit Insurance of the Financial Stability Forum (FSF).

Object
The objects of the IADI are to contribute to the stability of financial systems by promoting international cooperation in the field of deposit insurance and to encourage wide international contact among deposit insurers and other interested parties.

To september 2008, there are 52 members of the IADI.

Governing Bodies of the Association

The governing bodies of the Association are the General Meeting of Members and the Executive Council.

The General Meeting of Members is the supreme authority of the Association and the Executive Council acts on all matters to ensure the sound functioning of IADI’s business and afairs.

IPAB’s Participation in the IADI

IPAB is a founding member of the IADI. The Institute participates in the Executive Council and in the following standing committees: Research and Guidance, Governance, and Membership and Communications.

In the 23rd meeting of the EXCO, held in February 2008, it was agreed to integrate into a single document IADI’s Core Principles to enhance the effectiveness of deposit insurance systems. This document was then given to the Financial Stability Forum in order to have it included in the FSF report on recent events in financial markets, which was presented to the Ministers of Finance and Central Bank Governors of the members of the Group of Seven, on April 11, 2008. The IPAB participated in the elaboration of the Core Priniciples and was in charge of the translation of the Core Principles to Spanish.

To date, the IPAB participates in the following research subcommittees of the IADI:
1. Public Awareness *
2. Evaluation of the Effectiveness of Deposit Insurance Systems *
3. Legal Protection and Indemnification Issues *.**
4. Coverage Limit *
5. Evaluation of DIF Sufficiency*
6. Risk Management *
7. Early Intervention and Prompt Corrective Action *
8. Public Policy Objectives *

(*) IPAB’s collaboration on the subcommittee.
(**) Chaired by IPAB.

www.iadi.org

Latin America Regional Committee (LARC)


The IPAB chairs the Latin America Regional Committee (LARC) of the IADI. LARC groups eleven deposit insurers of Latin America and its objective is to reflect regional interests and common issues through the sharing and exchange of information and ideas.

Composition of LARC:

Seguro de Depósitos, S.A., Argentina

Fundo Garantidor de Créditos, Brasil

Fondo de Garantías de Instituciones Financieras. Colombia

Agencia de Garantía de Depósitos, Ecuador

Instituto de Garantía de Depósitos, El Salvador

Fondo para la Protección del Ahorro, Banco de Guatemala, Guatemala

Instituto para la Protección al Ahorro Bancario, México

Fondo de Garantía de los Depósitos de las Instituciones Financieras, Nicaragua

Fondo de Seguro de Depósitos, Perú

Banco Central del Uruguay, Comisión de Protección de Ahorro Bancario, Uruguay

Fondo de Garantía de Depósitos y Protección Bancaria, Venezuela

Invitees:

Sociedad Gestora de Fondos de Garantía de Depósitos, España

Unidad Administradora del Fondo de Garantía de Depósitos, Banco Central del Paraguay, Paraguay

Asia – Pacific Economic Cooperation (APEC)

The importance of an appropriate deposit insurance system as a factor of financial stability has also been addressed in the policy discussions of the Asia – Pacific Economic Cooperation (APEC) forum. The first policy dialogue on deposit insurance took place in Kuala Lumpur, Malaysia, in February 2004.

www.apec.org