International Association of Deposit Insurers (IADI) held the Executive Council meetings and Symposium on Deposit Insurance Cross-Border Issues, as well as celebrated its 5th Anniversary at Bank for International Settlements (BIS) in Basel, Switzerland from 2-5 May 2007. CDIC (Taiwan) President Johnson Chen led the CDIC delegation to attend the said events.
President Chen, Chair of Research and Guidance Committee (RGC) of IADI, presided over the RGC meeting and made a RGC report at the Executive Council meeting as usual. Besides, the first draft of research paper of Public Awareness of Deposit Insurance System on which a subcommittee is chaired by CDIC (Taiwan) had been completed and was briefly reported to the RGC members. The paper is scheduled to be presented at the IADI 6th Annual Conference to be held in Kuala Lumpur, Malaysia in the end of October 2007.
During the Symposium, President Chen was invited to moderate the Workshop on Public Awareness and Consumer Protection—Core Elements and Effective Practices. Afterwards, he represented the aforesaid workshop to make a report in the Plenary Session. An audience of 105 IADI Members, Associates, Observers and Partners attended the Symposium.
At the IADI 5th Anniversary celebration, President Chen and former Chairman Chin-Tsair Tsay were awarded by Mr. JP Sabourin, Chair of the Executive Council and President of the IADI, to praise their contribution and dedication to IADI over the past years.