CDIC Chairman Mr. David Sun led a delegation to attend the IADI meetings of the 36th Executive Council, the Research and Guidance Committee (RGC), the Training and Conference Committee (TCC) and other standing committees hosted by the Federal Deposit Insurance Corporation in late June 2012.
In these meetings, IADI's administration issues were discussed. The Executive Council also passed the resolution on development of the FSI tutorial on Public Awareness for an Effective Deposit Insurance System which is an on-line educational program managed by the Financial Stability Institute. The CDIC takes responsibility on this new initiative. The RGC which the CDIC serves as a chairperson, made two major achievements. The IADI Executive Council appointed the RGC's Guidance Group to participate in the development of the Assessment Methodology on Key Attributes of Effective Resolution Regime for Financial Institutions led by Financial Stability Board. In addition, a draft discussion paper on Reimbursement Systems and Processes and a draft research paper on Handling of Systemic Crises were approved by the Executive Council to post on the IADI website for public consultation. The CDIC Chairman David Sun shared information and exchanged experiences in terms of the international cooperation with other deposit insurance organizations during the meetings.