CDIC President William Su, Executive Vice President (EVP) Yvonne Fan and Director of the Resolution Department Ying-Ying Lin and the staff of the International Relations and Research Office (IRR) attended the 17th Asia-Pacific Regional Committee (APRC) Annual Meeting, the 2019 APRC Technical Assistance Workshop and the International Conference of the International Association of Deposit Insurers (IADI) hosted by the Deposit Insurance of Agency (DIA Russia) in St. Petersburg, Russia in late June 2019. There were 124 participants from deposit insurance organizations, financial supervisory agencies and international financial organizations of 37 jurisdictions.
President William Su, as the Chairperson of APRC, was invited to deliver opening remarks in the APRC Technical Assistance Workshop, and chaired the APRC Annual Meeting, in which several important motions were approved by all APRC representatives, thereby achieving the goal of solid cooperation among APRC fellow members. In addition, EVP Ms. Yvonne Fan was invited as the moderator of the Session I “IADI Core Principle 2: Mandate and Powers” in the APRC Technical Assistance Workshop.
The theme of the International Conference was entitled “Deposit Insurance and Bank Liquidation: Standards, Best Practices and Innovations”. The conference consisted of three sessions, which mainly focused on how to ensure 7-day payout, the benefits and challenges topics of bank liquidation by deposit insurers, and how to liquidate assets of failed banks to obtain maximum recoveries. Ms. Ying-Ying Lin, Director of Resolution Department, was invited as a speaker of Session II and shared “Example of Administrative Receivership - CDIC Taiwan” with participants.
During the APRC events, CDIC participated in the meetings convened by the Chairpersons of the Training and Assistance Technical Committee and the Research Technical Committee respectively. Members of both Technical Committees had board discussions about the key work items and shared professional opinions extensively, and reached clear consensuses on future business plans.
Group Photo of the 17th IADI APRC Annual Meeting — CDIC President and Chairperson of APRC Mr. William Su (6th from the left of the front row) and APRC representatives
Group Photo of CDIC President Mr. William Su (5th from left of the first row), EVP MS. Yvonne Fan (9th from left of the second row), IADI Chair of the Executive Council Mr. Katusnori Mikuniya (6th from left of the first row), Secretary General Mr. David walker (5th from right of the first row), APRC event host organization- DIA Russia General Director Mr. Yury Isaev (6th from right of the first row) and Deputy Governor of Bank of Russia Mr. Vasily Pozdyshev (7th from right of the first row) and all participants