Volume II - PDF - International Association of Deposit Insurers

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•BACKGROUND DOCUMENTS• Part I: Research the bank‘s home-country deposit protection scheme, by the host-country protection scheme, a combination of both schemes, or not protected at all. In the case where protection is provided by both the home- and host-country protection schemes, the home-country scheme may provide basic coverage that is supplemented by the host country. Foreign branches participating in a hostcountry deposit protection scheme should conform to the membership criteria of the host-country scheme, which may possibly include the application of supervisory requirements on a stand-alone basis. If the host-country scheme provides supplementary coverage, double reimbursement of insured depositors should be avoided. The protection already provided by the home-country scheme should be recognised in the determination of levies and premiums. In general, information received by safety-net participants in other jurisdictions should be subject to the same strict confidentiality rules applicable to information received by other domestic safetynet participants. Confidentiality rules should comply with international standards. If this is assured, all relevant information should be exchanged between deposit insurers in different jurisdictions, and possibly between deposit insurers and other foreign safety-net participants when appropriate. In any case, foreign deposit insurers should receive all information necessary to enable a prompt reimbursement of depositors. Endnotes 1 This paper represents the work of the Subgroup on Cross-Border and Regional Issues. The Subgroup is comprised of representatives from Germany (coordinator), Canada, Hungary, Mexico and the United States. For the purposes of this paper, the home country is the jurisdiction of the bank’s head office; the host country is the jurisdiction where the foreign branch is located. 2 The EU minimum requirements for deposit insurance and other regulatory aspects are harmonised and the responsibilities for deposit protection lie primarily with the home country. 3 A bank’s foreign subsidiary is in general separately chartered, and supervised in the same way as domestic banks. The only differences are that its shareholder is a bank located in a different country and that the parent bank should be subject to consolidated supervision by the parent bank’s supervisory authority. For deposit protection purposes, the subsidiary is treated like domestic banks. Cross-border issues arise if the subsidiary has transferred assets and liabilities to foreign jurisdictions or otherwise established business relationships, for example in derivative markets that may produce claims and obligations with counter parties in other countries. 4 The EU Directive on Deposit Guarantee Schemes (Directive 94/19/EEC) is available in the Internet under the following address: http://europa.eu.int/ eur-lex/en/lif/dat/1994/en_394L0019.html 5 See Annex II (a) of the EU Directive on Deposit- Guarantee Schemes (Directive 94/19/EC). 131 Guidance for Developing Effective Deposit Insurance Systems: Volume II
II Outreach Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 Programs for Outreach Sessions, Conferences and Seminars . . . . 136 Basel, Switzerland — May 10-12, 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136 Brown Bag Lunch, Washington, D.C. — June 7-9, 2000 . . . . . . . . . . . . . . . . 142 Inter-American Development Bank — July 25, 2000 . . . . . . . . . . . . . . . . . . . 145 Cancun, Mexico — October 4-6, 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146 Web Conference, Washington, D.C. — October 30, 2000 . . . . . . . . . . . . . . . 150 Budapest, Hungary — November 15-17, 2000 . . . . . . . . . . . . . . . . . . . . . . . . 151 Chicago, December 12, 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 Kuala Lumpur, Malaysia — January 17-18, 2001 . . . . . . . . . . . . . . . . . . . . . . 185 Berlin, Germany — March 7, 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 Paris, France — March 9, 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190 Buenos Aires, Argentina — March 14, 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . 193 Rome, Italy — April 19, 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194 Lusaka, Zambia — April 28-30, 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196 List of Participants to each Outreach Session, Conference and Seminar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198
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III Feedback
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•BACKGROUND DOCUMENTS• Part III
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FINANCIAL STABILITY FORUM Guidance
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