In late 2022, the International Association of Deposit Insurers (IADI) announced the results of its annual global survey on deposit insurance and financial safety nets. The survey was conducted with the participation of 108 deposit insurers of 94 countries and territories, accounting for about 85% of countries and territories around the world.
Through the survey results, IADI shares knowledge about the main characteristics of the deposit insurer such as mission, governance, membership, insurance coverage, limits, and fees. insurance, capital… and the role of deposit insurers in crisis management of the financial system and banking.
About governance and tasks: Most deposit insurers are public organizations managed by the State. Only 8.3% are privately owned and managed organizations. Approximately 23% of organizations operate with a payout model, 42% operate with a payment model with extended powers (such as financial support, acquisitions, etc.), 28% operate with a risk reduction model risk or minimize loss, 7% operate in a different model.
Members and limits of deposit insurance: Deposit insurers are required to participate in deposit insurance in most countries and territories, in which commercial banks, credit funds, financial cooperatives account for majority and savings accounts are the primary type of covered financial product.
Due to different institutional, socio-economic conditions and the portfolio of insured financial products, the deposit insurance limit ranges from US$79 to US$852,000. Full coverage is still in place in some countries.
Capital source: Over 90% of deposit insurers operate under the pre-funding mechanism from deposit insurance premiums from member institutions. Approximately 45% of deposit insurers use a differential fee system based on assessment of the risk profiles of participating institutions.
Payments: Deposit insurers have devoted more resources to improving insurance payouts and significantly reducing waiting times. To date, the average number of payout days has been reduced to 7 days at 60% of deposit insurers.
Disposition framework: The role of the deposit insurer in decision-making has been expanded. Institutions operating under a loss or risk reduction model (which has increased from 21% in 2011 to 28% of deposit insurers in 2021) actively and actively participate in the process of identifying methods Bankruptcy handling. The most applied treatment measures are P