CDIC President Mr. Howard Wang led a delegation to attend the 27th Executive Council meetings of International Association of Deposit Insurers (IADI) held in Basel, Switzerland during mid-July 2009. During the meetings, the issues related to IADI’s administration were discussed and resolutions to those issues were also made. In addition, the Executive Council members were briefed by the Guidance Group under IADI’s Research and Guidance Committee an update on the next steps of Core Principles for Effective Deposit Insurance Systems jointly issued by IADI and Basel Committee on Banking Supervision in June 2009. President Wang also discussed the current economic and financial situations, along with the recent developments on financial supervisions and deposit insurance system in Taiwan, with other Executive Council members.