Post-Meeting Press Release
The Central Deposit Insurance Corporation from September 1 to September 4, 2008 hosted the second session of the Second Executive Training Program for the year 2008 on behalf of the International Association of Deposit Insurers (or IADI in short) at the Sheraton Hotel in Taipei Hotel. The main topic discussed was “Resolution Management: Principles and Best Practices for Problem Financial Institutions.” Many experts from around the world were invited to share their experiences of liquidating problem financial institutions.
Since the deposit insurance mechanism is a very important part of the process of handling problem financial institutions, how to improve the deposit insurance system in terms of its function of avoiding financial crises or preventing such financial crises from spreading is an issue that has increasingly attracted the attention of each country’s financial supervisory authorities as well as international organizations. Therefore, this Second IADI Executive Training Program which the Central Deposit Insurance Corporation has hosted for the second time in 2008 as it also celebrates its twenty-third anniversary has been a gathering together of many outstanding experts in finance and deposit insurance from many different countries around the world. All of these experts exchanged their valuable experiences as well as shared their knowledge regarding the handling of problem financial institutions. This program has indeed proved to be very meaningful.
This second session of the program was attended by 50 representatives from 20 countries, who included IADI Secretary-General Mr. Don Inscoe, as well as representatives from the deposit insurance organizations and central banks of various countries and the Banking Team at the U.S. Office of Technical Assistance. The content of the program included an explanation of the practical outworking of the “International Criteria for Handling Failed Banks” announced by IADI, as well as case-by-case discussions on the handling of failed financial institutions by different types of deposit insurance institutions in different regions. In addition, through small group discussions and through mutual interaction, the knowledge and experiences of participants have been pooled together, and they have together proposed both feasible and constructive recommendations. These will greatly assist Taiwan in making its financial safety net more complete.