Volume II - PDF - International Association of Deposit Insurers
Volume II - PDF - International Association of Deposit Insurers
Volume II - PDF - International Association of Deposit Insurers
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•BACKGROUND DOCUMENTS•<br />
Part <strong>II</strong>: Outreach<br />
5:20 p.m. Closing Remarks: The Role <strong>of</strong> the FSF in Promoting Stability<br />
Svein Andresen, Head <strong>of</strong> the Secretariat,<br />
Financial Stability Forum, Basel<br />
Raporteur:<br />
Location:<br />
Conference Organizers:<br />
Gillian G.H. Garcia<br />
Federal Reserve Bank <strong>of</strong> Chicago<br />
3rd Floor Conference Center<br />
230 South LaSalle Street<br />
Chicago, IL 60604-1413<br />
Douglas D. Evan<strong>of</strong>f<br />
William C. Hunter<br />
George G. Kaufman<br />
John Raymond LaBrosse<br />
Conference Background:<br />
The Financial Stability Forum (FSF) was convened in April 1999 to promote international financial<br />
stability through information exchange and international co-operation in financial supervision and<br />
surveillance. It seeks to coordinate the efforts <strong>of</strong> various bodies in order to promote international<br />
financial stability, improve the functioning <strong>of</strong> markets, and reduce systemic risk. A study group was<br />
created a year ago to examine the contribution that deposit insurance can make to financial stability.<br />
The study group became a FSF working group in April <strong>of</strong> this year. Together with the Federal Reserve<br />
Bank <strong>of</strong> Chicago, the working group will hold a conference in Chicago on December 12, 2000.<br />
Working group members includes experts on deposit insurance from twelve countries, 1 the<br />
<strong>International</strong> Monetary Fund and the World Bank. Recently the group has begun a series <strong>of</strong> outreach<br />
meetings in different regions <strong>of</strong> the world with people and organizations interested in deposit insurance<br />
issues. The December meeting will include academic experts on deposit insurance. In Chicago,<br />
members <strong>of</strong> the working group will present their current thinking which will focus on (1) the public<br />
policy objectives for deposit insurance, (2) moral hazard, (3) ensuring a country’s readiness for<br />
deposit insurance and (4) the transition from blanket coverage to limited protection.<br />
The working group wants to benefit from a discussion <strong>of</strong> these issues with the academic community.<br />
Such input will facilitate the preparation <strong>of</strong> the guidance on deposit insurance that the working group<br />
that will be delivering to the FSF in September 2001.<br />
Additional information on the FSF Working Group on <strong>Deposit</strong> Insurance can be found at<br />
http://www.cdic.ca/international<br />
1 Including Argentina, Canada, Chile, France, Germany, Hungary, Italy, Jamaica, Japan, Mexico, the<br />
Philippines, and the United States <strong>of</strong> America<br />
157<br />
Guidance for Developing Effective <strong>Deposit</strong> Insurance Systems: <strong>Volume</strong> <strong>II</strong>