In 2009, the International Association of Deposit Insurers (IADI) together with the Basel Committee on Banking Supervision (BSBS) developed the ‘Core Principles for Effective Deposit Insurance Systems.’ The internationally agreed document is a set of 18 principles, against which national deposit insurance schemes can be reviewed, and it specifies relations with other safety-net participants.
In 2009, the International Association of Deposit Insurers (IADI) together with the Basel Committee on Banking Supervision (BSBS) developed the ‘Core Principles for Effective Deposit Insurance Systems.’ The internationally agreed document is a set of 18 principles, against which national deposit insurance schemes can be reviewed, and it specifies relations with other safety-net participants. In 2010, a methodology for compliance assessment with the Core Principles for Effective Deposit Insurance Systems was completed.
In 2011, IADI’s Core Principles for Effective Deposit Insurance Systems were officially recognized by the Financial Stability Board (FSB) and added to the compendium of Key Standards for Sound Financial Systems. The methodology of compliance with the Core Principles for Effective Deposit Insurance Systems has been used by the International Monetary Fund (IFM) and the World Bank (WB) in financial sector evaluations of IMF and WB member states under the financial sector assessment program (FSAP).
