Pre-Meeting Press Release
The Central Deposit Insurance Corporation (CDIC) will host the session II of the 2nd Executive Training Program on behalf of the International Association of Deposit Insurers (IADI) from September 1 to 4, 2008 at the Sheraton Hotel in Taipei. The training program focuses on the theme, “Resolutions Management: Principles and Best Practices for Problem Financial Institutions.” Experts from around the world will be invited to share their experiences and views on liquidating problem financial institutions.
From its establishment in 1985 up to the present day, CDIC has actively promoted international information exchanges, becoming a founding member of the IADI in May 2002. Since that time, it has actively participated in exchanges with both domestic and foreign deposit insurers and financial supervisors and has established an information sharing mechanism, besides assisting domestic financial institutions in keeping abreast of international developments. IADI's headquarter is located at the Bank for International Settlements in Basel, Switzerland. Its founding objective has been to enhance the stability of the financial system by strengthening cooperation and exchanges among the deposit insurers as well as the financial safety net participants worldwide. IADI's members consist of the deposit insurers, central banks or financial supervisors of various countries, as well as international financial organizations such as the International Monetary Fund and the Asian Development Bank. At the time of its establishment in 2002, there were 35 founding members. Currently, the number of IADI's members has increased to 73.
On this occasion of the session II of the IADI's 2nd Executive Training Program, CDIC is also celebrating its 23rd anniversary. Hence it is particularly meaningful to have distinguished experts on finance and deposit insurance fields around the world gathering together to exchange and share precious experiences and knowledge regarding the handling of problem financial institutions. The content of this training program has been jointly designed by the IADI Training and Conference Committee, the US Federal Deposit Insurance Corporation and CDIC. The “General Guidance for the Resolution of Bank Failures” issued by IADI will serve as the foundation of the program discussions. Through case studies, breakout group discussions, and large group review, our participants will be able to exchange information face-to-face with experts from different countries, while also learning from the actual practices of different participative countries. In this way, they will be able to better understand the mechanisms and operations that characterize these countries, which will be also extremely useful to CDIC in enhancing the financial safety net framework in Taiwan.