The Central Deposit Insurance Corporation (CDIC) President Annie Cheng led a delegation to Almaty, Kazakhstan, in mid-August 2025 to attend the International Association of Deposit Insurers (IADI) Eurasia Regional Committee (EARC) and Asia-Pacific Regional Committee (APRC) Annual Meetings, the CEO Dialogue, Technical Committee meetings, and the International Conference, co-hosted by IADI and the Kazakhstan Deposit Insurance Fund (KDIF) from August 20 to 22.
The conference, themed “Navigating Digital Frontiers: Charting the Future of Deposit Insurance,” featured four sessions discussing: (1) central bank digital currencies (CBDCs) and their implications for deposit insurance; (2) new challenges and reflections on deposit insurance in the digital economy; (3) the impact of tokenisation on coverage; and (4) IADI members’ practices in driving digital innovation.
At the CEO Dialogue, President Cheng noted that Taiwan’s banking system is fundamentally sound, yet rapid digital finance development poses potential challenges. She outlined CDIC’s ongoing initiatives, including implementing a seven-tier differential premium system in 2026, enhancing real-time early warning and social media monitoring mechanisms, and advancing legislative amendments to strengthen the resolution framework. These measures aim to ensure CDIC can fulfill its insurance responsibilities in a timely and orderly manner, safeguarding financial stability. She concluded with the message: “We can not control the winds of global finance, but we can adjust our sails.”
CDIC Executive Vice President Ms. Yvonne Fan was invited to moderate the fourth session, which showcased IADI members’ experiences in leveraging technology to enhance financial stability, strengthen deposit insurance systems, and promote financial inclusion. She also highlighted the importance of accelerating payouts in line with the ongoing revision of the IADI Core Principles, and, quoting Peter Drucker’s words that “the greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic,” she drew strong engagement among the panellists.
During the meetings, President Cheng held bilateral discussions with Mr. Pham Bao Lam, Chairman of the Deposit Insurance of Vietnam (DIV); Dr. Mahatana Ampornpisit, President of the Deposit Protection Agency of Thailand (DPA); and Mr. Adil Nurlanovich Utembaev, Chairman of the KDIF. Topics included the direction of future amendments to the Deposit Insurance Act, improvements to payout mechanisms, and central banks’ issuance of digital tokens to support online payout models.