Core Principles for Effective Deposit Insurance Systems

Basel Committee on Banking Supervision International Association of Deposit Insurers Core Principles for Effective Deposit Insurance Systems A methodology for compliance assessment December 2010 Copies of publications are available from: Bank for International Settlements Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2010. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print: 92-9131- 866-3 ISBN web: 92-9197- 866-3 Contents Introduction...............................................................................................................................1 Use of methodology..................................................................................................................2 Definitions of key terms used in methodology..........................................................................2 Compliance assessment...........................................................................................................3 Practical considerations in conducting an assessment ............................................................4 Preconditions............................................................................................................................5 Assessment of the economy and banking system ..........................................................6 Macroeconomic stability..................................................................................................6 Sound banking system....................................................................................................6 Sound governance of agencies comprising the financial safety-net................................7 Strong prudential regulation and supervision..................................................................7 Well-developed legal framework.....................................................................................8 Sound accounting and disclosure regime........................................................................8 Core Principles Methodology Assessment Criteria.................................................................10 Setting objectives..........................................................................................................10 Mandates and powers...................................................................................................11 Governance...................................................................................................................12 Relationships with other safety-net participants and cross-border issues.....................13 Membership and coverage............................................................................................15 Funding .........................................................................................................................18 Public awareness..........................................................................................................19 Selected legal issues.....................................................................................................20 Failure resolution...........................................................................................................21 Annex 1: Evaluation of compliance with Core Principles for Effective Deposit Insurance Systems..................................................................................................................................26 Annex 2: Bibliography.............................................................................................................29 Annex 3: Recommended assessment process for review of the preconditions for effective deposit insurance systems .....................................................................................................31 Annex 4: Role of deposit insurance system in crisis preparedness and a systemic crisis ....33 Core Principles for Effective Deposit Insurance Systems - Assessment methodology i ... - tailieumienphi.vn