CDIC President Howard N. H. Wang led a team of delegates to attend the Summit Conference on Strengthening Deposit Insurance Systems in Crisis and Post Crisis Situations hosted by the Philippine Deposit Insurance Corporation (PDIC) in Cebu, Philippines from April 26 to 29, 2010. There were over 40 participants from deposit insurers or financial supervisory agencies of 16 countries.
The Summit Conference covered three sessions and mainly focused on blanket guarantee, increased coverage and amendment to the Deposit Insurance Act. CDIC President Wang was invited to be a speaker in Session One and to share the Taiwan's exit strategies on removal of blanket guarantee. The meeting and conference ended successfully with good feedback from all participants and audience.
In addition, PDIC also held the Claims Management and Payout Seminar. The Deputy Division Chief Ms. Fiona Yeh from CDIC International Relations and Research Office made a presentation on claims management and payout system in Taiwan.