CDIC Executive Vice President (EVP) Yvonne Fan led a delegation to participate in the International Association of Deposit Insurers (IADI) 75th Executive Council (EXCO) and associated meetings, including the Core Principles and Research Council Committee (CPRC), Training and Technical Assistance Council Committee and IADI Core Principles Review and Update Steering Committee meetings in Basel, Switzerland from 21 to 24 February 2023.
CDIC EVP Fan participated in the 75th EXCO meetings to discuss various IADI's matters, including the election of the new EXCO Vice Chair. CDIC EVP Fan also chaired the CPRC meeting and during the meeting, the reappointment of the Chairperson of the Financial Technology Technical Committee was approved. Furthermore, the IADI Annual Policy and Research Plan for FY 2023/2024 and the Contingency Plan Testing Research Working Group Proposal were also discussed and approved.
IADI domiciled at the Bank for International Settlements in Basel, Switzerland was established in May 2002. Currently it has 122 members, including 94 Members, 11 Associates and 17 Partners. Since 2002, CDIC has been actively participating in IADI activities as a founding member of the Association, promoting important IADI activities and joining the decision-making process as a member of the EXCO since 2003, which is responsible for IADI's major policies.