To promote bilateral exchanges of experiences and information, CDIC and the National Deposit Insurance Fund of Hungary (NDIF) signed a Memorandum of Understanding (MoU) in June 2005, and renewed the MoU every three years for three times afterwards. To continue enhancing cooperation from both sides, CDIC and NDIF agreed to renew the MoU in June 2017. CDIC’s Chairman Dr. Paul C.D. Lei visited NDIF to confirm the renewal of the MoU with Dr. András Fekete-Györ, Managing Director of NDIF, on June 6, 2017, officially extending cooperative relationship from both sides.
Before the MOU’s renewal, two organizations shared and exchanged the views on the recent development of respective deposit insurance systems and future challenges. CDIC made a presentation on the risk-based premium system. NDIF presented on the topics of stress-testing and risk-based premium. They also shared the cooperative activities during the term of MOU from July 2014 to June 2017. In the future, CDIC and NDIF will continue to strengthen the deposit insurance systems in respective countries through bilateral exchanges of information and personnel, the provision of professional expertise and the sharing of experiences, with a view to enhancing the deposit insurance systems.
CDIC Chairman Dr. Paul C.D. Lei (left) and NDIF Managing Director Dr. András Fekete-Györ (right) formally confirmed the renewal of the MOU between CDIC and NDIF.
Photo of CDIC Chairman Dr. Paul C.D. Lei (left) and NDIF Managing Director Dr. András Fekete-Györ (right).