Mr. Howard Wang, the President of Central Deposit Insurance Corporation, Taiwan, led a delegation to attend the International Association of Deposit Insurers (IADI) 7th Annual General Meeting and Annual Conference in Washington D.C., U.S.A., from 27 October to 1 November 2008. There were over 200 international delegates from more than 60 countries participating in this event. These delegates included representatives of deposit insurance agencies, financial supervisors and central banks from different countries and the Bank for International Settlements (BIS), International Monetary Fund (IMF) and Financial Stability Forum(FSF).
IADI currently has 74 members, including 52 formal members, 6 associates, 5 observers and 11 partners. During its Seventh Annual General Meeting, CDIC President Mr. Howard Wang was elected to serve as a member of Executive Council. CDIC has been actively participating in IADI businesses and events since it became a founding member of IADI in May 2002 and currently has chaired the Research and Guidance Committee of IADI. CDIC not only contributes to set up policies of IADI but also leads and promotes the researches and issuance of deposit insurance guidance.
The FDIC, concurrently celebrating its 75th anniversary, hosted 2008 IADI 7th Annual Conference of which the theme was “The Role of Deposit Insurance in Promoting Financial Stability and Economic Inclusion”. Recent financial turmoil has highlighted the role that effective deposit insurance systems play in maintaining public confidence in financial institutions and promoting financial stability. Confidence and stability in the financial sector are also critical to the promotion of economic inclusion. The Conference brought together deposit insurance industry practitioners from across the globe and leading experts in financial services to discuss and share experiences and views.