Volume II - PDF - International Association of Deposit Insurers

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•BACKGROUND DOCUMENTS• Part II: Outreach Northwest Industries, Inc., of Chicago; vice president of Corporate Development for Dart and Kraft, Inc., of Northbrook, Illinois; and vice president of Strategy and Business Development for Premark International, Inc., of Deerfield, Illinois (a spinoff from Dart and Kraft). He received his Ph.D in Economics from the Massachusetts Institute of Technology and a Sc.B. in Applied Mathematics from Brown University. He served at the Universities of Bocconi in Milan, Illinois and Pennsylvania. He has numerous publications and awards. Professor George G. Pennacchi is Professor of Economics at the University of Illinois at Urbana- Champaign. He Received his Ph.D. in Economics from the Massachusetts Institute of Technology. He has also taught at the the University of Pennthe University of Pennsylvania and Bocconi in Milan, Italy. He has served at the Pension Research Council, the University of Pennsylvania and has received numerous awards. He is the co-editor of Advances in Futures And Options Research, associate editor of the Journal of Finance, Journal of Financial Services Research,Journal of Money, Credit and Banking, Journal of Banking and Finance, Management Science, and the Review of Financial Studies. He teaches courses in financial institutions and markets, and security pricing. His research interests include financial institutions, derivative securities, and bond markets. He is currently a consultant to the Office of Management and Budget, the Executive Office of the President of the United States, and a research Associate of the Federal Reserve Bank of Cleveland. He has been a consultant to Central Bank of Finland and the Federal Reserve Bank of Chicago, the International Monetary Fund, and the World Bank. Professor Gordon S. Roberts is the CIBC Professor of Financial Services at the Schulich School of Business at York University in Canada. He received a Ph.D. in Economics and a M. A. from Boston College, and a B. A. from Oberlin College. He has received numerous academic honors and has served as the Director of the Financial Services Program at the Schulich School of Business, and has taught at Dalhousie University, Babson College, Deakin University in Melbourne, Australia, Tilburg University in the Netherlands, the Universities of Arizona, Toronto, and Victoria, Xiamen University in the People’s Republic of China, and the Canadian International Development Agency. Mr. Jean Pierre Sabourin is the President and Chief Executive Officer of the Canada Deposit Insurance Corporation. He has led the Canada Deposit Insurance Corporation (CDIC) since 1990. CDIC is a federal Crown corporation that insures over $315 billion of Canadian dollar deposits in 109 member institutions. Under his leadership, CDIC has intervened successfully in more than 40 problem financial institutions and resolved claims in excess of $25 billion. This depth of experience in all aspects of the organization provides him with unparalleled expertise in deposit insurance issues. As CDIC’s Chief Executive Officer, he has also provided advice internationally. His expertise helped to form the Hungarian Deposit Insurance Fund in 1993 and the Jamaica Deposit Insurance Corporation in 1998. He also assisted the Central Deposit Insurance Corporation in Taiwan and the Philippine Deposit Insurance Corporation in improving their deposit insurance systems. In 1999, Mr. Sabourin provided technical assistance to the Household Deposit Insurance Fund of Ukraine. In November 1999, Mr. Sabourin was asked to assemble and chair a study group on deposit insurance established by the Financial Stability Forum based in Switzerland. The study group was composed of representatives from 12 countries as well as The World Bank and the IMF. It examined recent experiences of international deposit insurance schemes and assessed the desirability of setting out international guidance on deposit insurance. At the end of March, 2000, the Financial Stability Forum asked Mr. Sabourin to chair a working group to develop international guidelines on deposit insurance. The working group has launched a broadbased international consultation process and it will complete its report in September 2001. 180 Guidance for Developing Effective Deposit Insurance Systems: Volume II
•BACKGROUND DOCUMENTS• Part II: Outreach Mr. Sabourin holds an MBA from the University of Toronto. In 1999, and again in 2000, Mr. Sabourin was the chair of the Black & White Opera Soirée benefit concerts for the National Arts Centre Orchestra and Opera Lyra Ottawa. He has served as a Director of Christie Lake Community Center, an organization that provides summer camp and year-round activities for underprivileged children in the Ottawa region. Mr. Guy Saint-Pierre joined Canada Deposit Insurance Corporation (CDIC) in 1987 and shortly thereafter was appointed Senior Vice President Insurance & Risk Assessment. He is responsible for the overall administration of the development, implementation and maintenance of policies and procedures relating to member admission; deposit insurance termination and cancellation; the policy of deposit insurance; riskbased premium administration; standards of sound business and financial practices; practices warranting premium surcharges; dissemination of information by member institutions to the public; compliance of member institutions with the CDIC Act and By-laws; and most importantly for the monitoring of member institutions and assessment of potential risk to the CDIC Deposit Insurance Fund. During his 14 years with CDIC, Mr. Saint-Pierre has developed extensive experience in dealing with problem banks. He has been closely associated with the resolution of many bank failures, sometimes through formal liquidations, sometimes through purchase and assumption transactions. Over this period he has negotiated all CDIC’s financial assistance related to purchase and assumption transactions. Mr. Saint-Pierre has served as an instructor for SEACEN and the IMF-Singapore Training Institute in various training courses or seminars on banking supervision, failure resolutions and other deposit insurance matters. He has been a consultant to many countries (most recently to Kuwait and the Philippines) with respect to the implementation or enhancement to deposit insurance systems. Mr. Carl R. Tannenbaum is Senior Vice President of ABN AMRO North America. He is the Chief Economist for the North American holdings of ABN AMRO, which include the LaSalle Bank in Chicago, Standard Federal Bank in Michigan, and EAB in new York. ABN AMRO is a Dutch institution, which is one of the world’s 20 largest banks. In this capacity, Carl provides internal and external briefings for ABN AMRO’s U.S. affiliates, including its LaSalle bank group. He publishes weekly, monthly, and quarterly commentary for distribution to the bank’s customers, and provides commentary for CNN and other media outlets. Mr. Tannenbaum is Chairman of the American Banker’s Association’s Economic Advisory Committee and a member of the Blue Chip panel of economic forecasters. In addition to his economic duties, Carl is also responsible for measuring the organization’s interest rate risk and monitoring its investment portfolio. He is a member of the bank’s Asset/Liability Management Committee. Mr. Tannenbaum holds an M.B.A. and a B.A. in finance and economics from the University of Chicago. 181 Guidance for Developing Effective Deposit Insurance Systems: Volume II
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