The SGFG has attended the technical assistance workshop and the international conference on deposit insurance that were jointly organised by the International Association of Deposit Insurers (IADI) and the State Corporation Deposit Insurance Agency of Russia (DIA) with the support of the Bank of Russia.
The events were held from 25th to 28th of june and involved more than 124 participants representing deposit insurance agencies and the Financial Stability Board (FSB).
The first event focused on ensuring the deposit insurer's compliance with core principles 2 - Mandate & Power and 8 - Coverage that were established by the IADI for developing effective deposit insurance systems in case of a bank failure.
The conference has covered deposit insurance and banking resolution and has helped to highlight the importance of implementing IADI core principles in order to conduct an effective reimbursement of depositors.
During these events, the participants were privileged to interact and share the best practices in terms of reimbursement, bank liquidation of non-systemic importance institutions and recoveries from assets of failed banks.
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