The Annual General Meeting of the International Association of Deposit Insurers (IADI) has been convened.

The International Association of Deposit Insurers (IADI) is hosting its annual general meeting from September 25 to 30, 2023, in Boston, USA.

Executives from the Asia-Pacific Regional Commission's deposit insurers (referred to as the APRC CEO Dialogue) are in attendance, focusing on discussions around "Insights from Recent Bank Failures for Deposit Insurers." Key points from the discussion include:

  • The impact on Asia-Pacific deposit markets following the bankruptcy of a major US bank;
  • Strategies implemented during banking challenges, such as enhanced bank oversight, monitoring of digital public spaces, and collaboration among entities ensuring financial stability;
  • The evolving criteria for defining insured deposits in upcoming years;
  • A deliberative exchange on strategies to safeguard depositors without insurance against potential risks.

At the gathering, the Acting CEO of the Deposit Insurance Corporation, S. Baatarsuren, and Mr. Ismail Guler, a Board Member of the Turkish State Savings Insurance Fund, formalized their collaboration by signing a "Memorandum of Understanding on Cooperation." This memorandum encompasses areas including the broadening and advancement of cooperation in the deposit insurance domain, sharing publicly available information, facilitating bilateral meetings, and fostering staff exchange programs to share expertise.

On September 26, the Euro-Asia regional committee convened for its regular meeting. This committee comprises representatives from deposit insurance institutions across eight countries, with Baatarsuren at the helm. During this session, the committee chair, S. Baatarsuren, highlighted noteworthy initiatives undertaken by member organizations in the second quarter of 2023. Additionally, members shared perspectives on aligning the regional committee's activities with the revised standards and guidelines of the International Deposit Insurance Association. These insights are being considered for incorporation into the committee's forthcoming strategic plan. 



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