From 7 to 11 October 2019, the Moroccan Deposit Insurance Corporation (SGFG) took part in the 18th Annual General Meeting of the International Association of Deposit Insurers (IADI) as well as its Annual Conference, held in Istanbul, Turkey.
The Annual Conference was attended by more than 280 participants from 70 deposit insurance agencies and international institutions (IMF, World Bank, Single Resolution Board, Consultative Group to Assist the Poor - CGAP).
The topic of this Annual Conference was about the reforms conducted after the financial crisis and the changes that resulted for the deposit insurance schemes. The panelists discussed keys issues affecting the global economy, financial stability, deposit insurance and bank resolution as well as approaches to protect mobile banking.
During the Annual General Meeting, the IADI members voted, among others topics, to increase the annual fees which will be based on GDP per capita of each jurisdiction.
On the sidelines of these events, SGFG took part in various working groups relating to technical assistance, training and Islamic deposit insurance systems mainly.
Furthermore, SGFG participated in the meetings held by the Africa Regional Committee and the MENA Regional Committee, the vice-presidency of which it holds. On the sidelines of these meetings, the General Manager of SGFG signed a Cooperation Agreement with his counterpart of the West African Monetary Union Deposit Insurance Fund and Resolution (FGDR-UMOA) in the presence of the Africa Regional Committee’s members.
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