The CDIC’s Three-Year Development Plan (2023-2025)
1. Continue to replenish the Deposit Insurance Payout Special Reserves, improve fund management and risk control.
1. Continue to implement differential premium rates based on the risk levels of insured institutions.
2. Improve fund management as well as strengthen risk control.
2. Strengthen insured risk control and assist in maintaining financial stability.
1. Strengthen control of insured risk.
2. Thoroughly conduct inspections of statutorily specified matters.
3. Continue to enhance risk control operations in step with the latest developments in fintech and digital finance.
4. Regularly review and update crisis communication mechanisms in reference to international practices.
5. Enhance information sharing with financial supervisory agencies.
6. Coordinate with the FSC in taking prompt corrective measures and handling troubled insured institutions in a timely manner.
3. Enhance orderly market exit and resolution mechanisms for troubled insured institutions.
1. Improve resolution mechanisms for handling troubled insured institutions.
4. Continue to promote and raise public awareness of the deposit insurance system.
1. Enhance public awareness of deposit insurance through multiple channels of publicity activities.
2. Promote financial literacy education for disadvantaged groups in line with the FSC’s financial inclusion policy.
3. Conduct annual survey of public awareness of deposit insurance.
5. Improve cyber security and ensure uninterrupted operations.
1. Continue to ensure regulatory compliance with the Cyber Security Management Act.
2. Establish the Information Security Management System (ISMS) and strengthen operations.
3. Continue to optimize cyber security infrastructure and defense capabilities.
6. Amend the Deposit Insurance Act and relevant regulations to improve the legal framework.
1. Review and amend the Deposit Insurance Act and relevant regulations in a timely manner to align with operational needs and international development trend on deposit insurance.
7. Comply with the international standards for effective deposit insurance systems and align with global practices.
1. Actively participate in international organizations and activities, provide technical assistance, and be committed to taking part and sharing international research and reports.
2. Adopt and apply international standards and regulations pertaining to financial supervision and deposit insurance.
8. Implement succession planning to successfully train employees and develop managers.
1. Enhance job rotation and work experience accumulation.
2. Conduct professional training in finance and management competency.
9. Promote and incorporate environmental, social, and governance (ESG) practices.
1. Incorporate sustainable practices in line with the FSC’s ESG policy.
2. Formulate the Green Energy-Saving Plan as the basis for various green energy-saving measures.
10. Implement major policies at the guidance of the FSC.
1. Continue to monitor specific-risks of insured institutions at the behest of the FSC.
2. Continue to utilize and manage the Financial Industry Special Reserve Fund on behalf of the FSC.
3. Continue to be commissioned to examine the operation of entities entrusted to handle information systems of insured institutions.