Volume II - PDF - International Association of Deposit Insurers

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•BACKGROUND DOCUMENTS• Part II: Outreach Establishing a Deposit Insurance System A Seminar for Newly Established Deposit Insurers and Those Considering Establishing a Deposit Insurance System May 11-12, 2000 Basel, Switzerland Financial Stability Institute Bank for International Settlements Federal Deposit Insurance Corporation May 11: Building a successful deposit insurance system Financial crises around the world have focused attention on the role government should play in ensuring financial-system stability and in providing a safe savings mechanism for small depositors. In response, numerous countries have adopted, or are actively exploring the adoption of, an explicit system of deposit insurance. However, deposit insurance alone cannot provide financial stability or even protect small depositors from loss. Certain political, economic, and legal conditions must be in place for a deposit insurance system to work. The deposit insurer, as well, must have access to information about the condition of the entities it insures, and must be able to take action against those entities on a timely basis. The system must be sustainable—it cannot fail because banks fail. The following workshops will focus on these issues and discuss how deposit insurance can play an integral role in a nation’s financial system. 9:00 - 9:15 a.m. Welcoming Remarks John Heimann, Chairman, Financial Stability Institute 9:15 - 10:45 a.m. Workshop I: The necessary political and economic steps This workshop will discuss the objectives of deposit insurance and outline the political and economic conditions necessary for establishing a successful deposit insurance system to meet those objectives. Moderator: George Hanc, Associate Director, Division of Research and Statistics, Federal Deposit Insurance Corporation (Accepted) Panelists: Carl-Johan Lindgren, Senior Advisor, Systemic Banking Issues Division, International Monetary Fund (Accepted) Jean Pierre Sabourin, President & CEO, Canada Deposit Insurance Corporation (Accepted) 10:45 - 11:00 a.m. Coffee Break 138 Guidance for Developing Effective Deposit Insurance Systems: Volume II
•BACKGROUND DOCUMENTS• Part II: Outreach 11:00 - 12:30 p.m. Workshop II: Legal infrastructure, independence, and succession planning To create a well-functioning deposit insurance system, the necessary legal structure must be in place and there must be support for the system within the government and the financial community. This workshop will discuss the legal infrastructure and the powers necessary for developing a deposit insurance system. It will explore the issue of independence, including the need for a clear delineation of the roles and responsibilities of the deposit insurer. It also will include a discussion of succession planning—how to sustain a system after the immediate crisis has passed. And, it will discuss the prominent features of a deposit insurance system, including the development of deposit insurance laws and regulations. Moderator: William Kroener, General Counsel, Legal Division, Federal Deposit Insurance Corporation (Accepted) Panelists: Winston Carr, Chief Executive Officer, Jamaica Deposit Insurance Corporation (Accepted) Van B. Jorstad, Associate Director, and Lawrence Connell, Senior Advisor-Budapest, Office of Technical Assistance, U.S. Department of the Treasury (Accepted) 12:30 - 2:00 p.m. Luncheon 2:00 - 3:30 p.m. Workshop III: Information sharing All deposit insurers, regardless of organizational structure, require access to timely and accurate information to carry out their mandate. This workshop will explore how various deposit insurers have solved the problem of obtaining information necessary to perform their duties. Moderator: Christie Sciacca, Associate Director, Division of Supervision, Federal Deposit Insurance Corporation (Accepted) Panelists: Ingrid Cerwinka, Assistant General Director, Mexico Deposit Insurance Institute (Accepted) Constantinos Liakopoulos, Director, Deposit Guarantee Fund, Greece (Accepted) 3:30 - 3:45 p.m. Coffee Break 3:45 - 5:15 p.m. Workshop IV: Dealing with troubled financial institutions Troubled financial institutions throughout the world during the 1980s and 1990s created challenges for many financial systems. Governments have utilized a variety of resolution strategies ranging from forbearance to open-bank assistance to liquidation, all with an eye toward maintaining public confidence and financial stability. The question for deposit insurers is when and how the decision to close a bank is reached and what becomes of the failed institution and its assets. 139 Guidance for Developing Effective Deposit Insurance Systems: Volume II
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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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