Trang Chủ
The number of countries introducing deposit insurance schemes is growing steadily, with the total world-wide now standing at 94 countries. With three of the most recent additions being in our region, Hong Kong, Singapore and Vietnam, it is timely to investigate the potential of adding deposit insurance to the range of deposit protection tools available to the bank regulator in Australia.
This paper first explains the principles of deposit insurance using examples from around the world. It then explains the advantages and disadvantages of deposit insurance, including techniques to address some of those disadvantages. The paper then draws on the personal experiences of the Director of one of the branches of Deposit Insurance Vietnam (DIV) in implementing their deposit insurance scheme over the last 5 years. The Director outlines the successes and areas for improvement in their Scheme.
The paper then concludes that the deposit insurance scheme as proposed by the Council of Financial Regulators in Australia should be implemented, with some suggested modifications.
Nguyen Thi Kim Oanh - Director of Hanoi Regional Branch, DIV
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source:http://www.melbournecentre.com.au/Finsia_MCFS/Monday/Stream%203/MichaelOborn_paper.pdf
Deposit Insurance of Vietnam: Are there implications for Australia?
Thứ 4 , 21/11/2007
Abstract: Recent inquiries into aspects of the Australian financial system have canvassed the possibility of deposit insurance not only for deposits at approved deposit-taking institutions but also funds held in life and general warranties.
