Basel issues principles for deposit insurance
() - July 7, 2009 - 12:00am

MANILA, Philippines – The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) has issued last month the Core Principles for Effective Deposit Insurance Systems. The core principles, which were developed by a joint working group between the Basel Committee and IADI, address a range of issues including deposit insurance coverage, funding and prompt reimbursement.

They also focus on issues related to public awareness, resolution of failed institutions and cooperation with other safety net participants, including central banks and supervisors.

Events during the recent international financial turmoil illustrate the importance of effective depositor compensation arrangements and the need for authorities to agree on an international set of principles for effective deposit insurance systems.

BANKING SUPERVISION AND THE INTERNATIONAL ASSOCIATION OF DEPOSIT INSURERS BASEL BASEL COMMITTEE COMMITTEE CORE PRINCIPLES DEPOSIT EFFECTIVE EFFECTIVE DEPOSIT INSURANCE SYSTEMS INSURANCE INTERNATIONAL PRINCIPLES
  • Latest
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with