CDIC President Mr. Howard N. H. Wang led a delegation to attend the 24th EXCO meeting of IADI held in Prague, the Czech Republic during mid-June, 2008. Afterwards, in consideration of the MOU signed by CDIC and National Deposit Insurance Fund of Hungary (NDIF) being expired on June 24, 2008, CDIC’s delegation paid a visit to NDIF to hold their Partners’ Meeting in Budapest to enhance the friendly relationship between two organizations. Dr. Peter Szekacs, Managing Director and his deputy Dr. Andras Fekete-Gyor of NDIF received the CDIC delegation. During the meeting, the two signing parties envisaged a regular consultation process about the new developments of their deposit insurance systems and exchange of opinions in the recent global financial turbulence in hope of enhancing the deposit insurance systems of both sides.