The International Association of Deposit Insurers was set up in 2002 at the Bank of International Settlements in Basel (Switzerland) as an independent organization affiliating deposit guarantee institutions from around the world gathered to share knowledge and expertise.
IADI’s main objective is to contribute to the stability of financial systems by promoting international cooperation in the field of deposit insurance and providing guidance for establishing new, and enhancing existing, deposit insurance systems, and to encourage wide international contact among deposit insurers and other interested parties. IADI develops international standards that raise the effectiveness of deposit insurance systems, taking into account systemic differences between jurisdictions.
IADI and the Basel Committee on Banking Supervision (BCBS) published Core Principles for Effective Deposit Insurance Systems, setting an important benchmark for jurisdictions to use in establishing or reforming deposit insurance systems. The IADI’s revised standards were included in the Financial Stability Board (FSB) Compendium of 12 Key Standards for Sound Financial Systems.
At present, 83 deposit guarantee schemes from all over the world belong to IADI.
The Bank Guarantee Fund officially became a member of the International Association of Deposit Insurers in 2008.
Since October 2012 to October 2015, Jerzy Pruski, former BFG Management Board President, has been the Chair of IADI Executive Council and the President of IADI. In October 2016, Zdzisław Sokal, the incumbent President of the Management Board of the Bank Guarantee Fund, has been chosen as the Executive Council Member for a three year term.