CDIC President William Su led a delegation to participate in the International Association of Deposit Insurers (IADI) 18th Annual General Meeting and Conference held in Istanbul, Turkey, in early October 2019. The Conference was attended by 280 international delegates from approximately 70 jurisdictions worldwide. These delegates consisted of representatives from deposit insurance agencies, financial supervisors and central banks, as well as international organizations such as the International Monetary Fund, the World Bank, and the Bank for International Settlement. The Financial Supervisory Commission of the Republic of China (Taiwan) also sent a delegate to attend the Conference. During the meeting period, CDIC President Su chaired the meetings of the Core Principles and Research Council Committee (CPRC) and the Asia-Pacific Regional Committee (APRC). The CDIC delegation attended a series of IADI meetings, including meetings of the Executive Council and the Council Committees, the Annual General Meeting (AGM) and the Annual Conference.
IADI was established in May 2002. Currently it has 115 members, including 92 formal members, 9 associates and 14 partners. Since 2002, CDIC has been actively participating in IADI activities as a founding member of the Association. In the Annual General Meeting, CDIC's Executive Vice President Ms. Yvonne Fan was elected as one of the Executive Council members for a term of 3 years with the responsibility of promoting important IADI activities and making decisions of IADI's major policies.
The IADI Annual Conference, titled "Realizing Reforms: What has changed in Deposit Insurance Systems since the Crisis?", featured key issues such as current global financial landscape, what has changed since the crisis in terms of deposit Insurers' role in early warning and intervention systems, bank resolution processes, and cross border issues in deposit insurance. FinTech developments and their potential impacts on bank resolution and deposit insurance were also covered.
CDIC delegation further participated in the IADI Deposit Insurance Exhibition in which the CDIC annual reports, corporate profile, various brochures and public awareness souvenirs were displayed. In addition, President William Su also had a bilateral meeting with the President and CEO of the Canada Deposit Insurance Corporation Mr. Peter Routledge.
Photo of CDIC President Mr. William Su (right) with Mr. Muhiddin GÜLAL, Chairman and President of the Savings Deposit Insurance Fund of Turkey
Photo of CDIC President Mr. William Su (right) with Mr. Peter Routledge, President and CEO of the Canada Deposit Insurance Corporation