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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>

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