This MoU confirms that the mutual goal of the two organizations is to share their knowledge and experiences in order to enhance the effectiveness of their respective deposit insurance systems, and then contribute to the operation of IADI in general. Areas of co-operation include exchange of information, response to technical inquiries, joint research and cross-border assistance to the extent permitted by each country’s law and regulations.
The MoU once again demonstrates DIV’s position to promote the international cooperation to facilitate practical research and learning from other’s experience so as to improve its operational effectiveness.
This official MoU builds on recent effective coordination between DIV and IDIC. As members of the International Association of Deposit Insurers (IADI), DIV and IDIC undertook a number of bilateral cooperation activities which included deposit insurance information and experience sharing in order to develop the effective deposit insurance system in each country. In December, 2015, at the Workshop on “Information Sharing and Differential Premium Systems” in Hanoi, IDIC delegation headed by Chairman Halim Alamsyah attended and made useful presentations on sharing their practical experiences happening in Indonesia. Previously, IDIC had organized international seminars within the framework of IADI and invited DIV to participate to share knowledge and experiences.
Also, both sides participated in bilateral meetings to exchange DI operational knowledge and experience of mutual concerns. Accordingly, DIV and IDIC highlighted the mechanism to share information in the financial safety net, to collect information from insured institutions and strengthen cross-border cooperation in deposit insurance. Moreover, they discussed plans to maximize the substantive cooperation through, for example, organizing seminars and undertaking joint research to improve the operational effectiveness of the two organizations in particular and the deposit insurance community in general.
Department of Research and International Cooperation
April, 2016