IADI publishes 2022 Deposit Insurance Report: Global Trends and Key Emerging Issues
The International Association of Deposit Insurers (IADI) has published the 2022 IADI Deposit Insurance Report: Global Trends and Key Emerging Issues. This is the first edition of the Report, which will be published on a yearly basis, to provide an overview of global trends in deposit insurance and investigates key emerging issues. The IADI Secretary General David Walker stated: “The 2022 Deposit Insurance Report offers a comprehensive overview of current developments and trends in deposit insurance and related financial stability issues pertinent to deposit insurers. Despite the challenges of the COVID-19 pandemic, financial stability has been remarkably resilient in many areas. Nevertheless, deposit insurers worldwide need to remain alert to pandemic and other risks originating from factors such as: climate change; fintech; deposit insurers’ role in resolution; and cross border considerations. The Report also highlights the areas where deposit insurers are continuing to improve their overall alignment with the IADI Core Principles for Effective Deposit Insurance Systems and it will be a valuable input for the upcoming review and update of the Core Principles.” The full Report is available on IADI’s website. Any queries can be directed to firstname.lastname@example.org. Notes to the editors: IADI was formed in May 2002 to enhance the effectiveness of deposit insurance systems by promoting guidance and international cooperation and is the global standard-setter in deposit insurance. IADI produces research and guidance and conducts training and technical assistance for the benefit of its membership and for those jurisdictions seeking to establish or improve a deposit insurance system. Members also share their knowledge and expertise through participation in international conferences and other forums. IADI currently represents 90 deposit insurers and is hosted by the Bank for International Settlements in Basel, Switzerland. 2022 is a significant year for IADI, with two major initiatives scheduled: 1) IADI will celebrate its twentieth anniversary as an international organisation and global standard setter. A series of events is scheduled to take place during the year (more information to follow). 2) IADI will begin a review and update of its Core Principles which were last updated in 2014. This will provide an opportunity to incorporate experiences gained in using the Core Principles and recent developments in deposit insurance systems and the regulatory environment to enhance the Core Principles. The completion of the revised Core Principles is expected by the end of 2023.